Am I getting ripped off with my closing cost?

[David Coronado]

Hi BP, I’m currently in the process of remodeling my second house with a 2 in 1 loan (construction and refinance). I’m planning on adding square footage and several bathrooms. Once the construction is complete the refinance mortgage will be 88% of the future value of the home. Here is what the bank is charging for the loan, Origination Fee (1%) - $4,050 Closing Cost - $1,715 Title Fee’s - $2,800 Total Cost $8,565 The Mortgage will be at 5% interest rate. Are these fees too high? They originally wanted an origination fee of 2% but when I said it was too high they easily went down to 1% with a required 5% Mortgage interest rate. This is a local lender in Salt Lake City Utah. Am I getting ripped off or are these fee’s normal? What do you think? Thanks!