Does this seem high to you?

[Alan Ouellette]

My wife and I just got pre-approved for a mortgage. We are looking for a townhouse to rent out for income. I just received the pre-approval letter from the credit union and I want to see what people here on bp think. We're re in NH and the northeast is notoriously expensive, but for a loan of about $206k, do closing costs of $9000 sound about right? I does include prepaid property taxes and the 1st years insurance premiums. What are you seeing in your areas?

[Jon Kelly]

@Alan Ouellette taxes and insurance are fixed based on your area. What are the variable fees your lender is charging? You need to compare these variable fees to other lenders in your area. 

I assume 1-1.5% for closing costs outside of taxes and insurance.