Are these closing costs high? Need opinions - Baltimore, MD

[Tim Youse]

I'm looking to purchase my first deal in Baltimore, MD and have found a decent deal on a 3 bedroom for 79k that needs little work. The property should cashflow about $340/mo using property management and about $460/mo if i self manage. I got an approval letter from my local (national chain) bank and looking over the transfer/closing costs, they seem high to me with $15,800 down it's another $11,000 in charges and fees - so $26k out of pocket on an $79k house. Does this seem right or should I shop this deal around to see if I can get better terms. 

Here are the numbers:

30 year loan at 5.125%

Purchase price: $79,000

Down payment: $15,800 - (20%)

Charges and reserves: $11,554  (outlined below)

1) Closing costs

• Origination fee: $1,235
• Discount points: $1,027
• Appraisal: $785
• Credit Report: $45
• Flood cert: $8
• Tax Service fees: $82.50

2) Title Charges

• Closing Fee: $450
• Lender Title insurance: $279.80
• Title search: $200

3) Prepaids

• Hazard Insurance premium $1,200

4) Prepaid Reserves

• Hazard Insurance $1,300 
• Property Taxes $1,833
• Escrow Adjustment ($200)

5) Transfer charges

• Recording Fees $230
• Transfer Taxes $2,370

6) Settlement charges

• Owner Title Insurance $349