Yes or no...wrap closing costs into loan?

[Katherine S.]

When using the BP calculators, I always skip the question of whether I want to wrap closing costs into the loan or not.  But as I'm looking over the mortgage disclosures for our next purchase, I'm wondering if I should do just that.

Right now, $5000 would be very helpful to have in my hands instead of in the check we give to the title company, would probably raise the monthly PI about $30, and would have negligible impact on my performance numbers on this house.  

Is this something I should consider doing?