I'm questioning my closing Costs with the bank

[Jorge J Gonzalez]

Hi BP family

I'm getting ready to close on my first income property with Wells Fargo.  Closing cost are $2792.  Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501.  The other cost includes an estimated cost of 14 months of insurance and six months of homeowner insurance they want me to prepay.  

I was expecting the closing costs of $2792 but not the $3709.  Which if I pay will not leave me with any cushion for safety.  One of the charges is "Title-Lender's Policy" for $417.  Not sure if this is a reasonable charge either.

I have a competing loan that is not charging as much as Wells Fargo.  About $1000 less at closing and the interest rate is .5% cheaper than wells fargo.

This normal?  Anyone have any advise or insight on pre-payig 14 months of insurance and taxes?

Thank you in advance,

Jorge G.