Maryland Closing Costs - 12k on a 106k loan??

[Robert C.]

Hi, my lender is quoting 11.8k in closing costs on a 106k conventional loan for a property in Baltimore County. This is just for closing costs +  prepaids, excludes discount points. It seems insanely high. 

Does this sound normal?

Thank you in advance.

[Russell Brazil]

Originally posted by @Robert C.:

 Appraisal fee will typically be paid outside closing. ($600)

Discount points is you buying down the rate, optional. ($1,061.25)

Owners title insurance optional ($500)

Real estate agent admin fee is an agent cost, not lender or title fee ($495)

Escrow account is optional if you are putting 20% or more down.

Credit report fee seems high at $132.50. Id expect this more in the $25 or less range. Real estate agent admin fee seems high, Id expect this at $395 or less....however, most agents actually lose money servicing properties at this price point, so they may have bumped that up to cover fixed costs. (I actually wont touch properties this cheap at all since I lose money on them)

Nothing else looks out of the ordinary.