Do these terms sound right to you guys.

[Charles Coaston]

Biggerpockets,

I just bought a home through conventional financing a few months ago. Now I'm looking at a duplex that I want to get a conventional loan on but make it my investment property. In order for me to get this duplex I'm eyeing using conventional terms are as follows:

Subject property is 93k

 I will need at least 20% down no if and's or but's.  I will also have another $2600 in pre-paids that cover the mortgage for 6 months and 7k in closing costs. Also asking the seller for 2% seller assist. This will put me at approx 26k for normal financing.

So I asked him why is the closing cost so high and he responded:

Bank fees are approximately three to $4000, transfer tax is 1% of the sales price, and title insurance is typically 1% of the sales price.

Does this sound fair?

I'm I able to get a FHA loan and make the duplex my primary residents fro a year and then rent it out? Remind you I bought a home a few months ago with conventional financing.

Please assist...