Yes, if you prepaid $10,000 with your extension.

Section One: Property Information Property Address City Bedrooms3Bathrooms2Heat SourceNatural GasPurchase Price$190,000.00Estimated Repair Cost$40,000.00Estimated After Repair Value$270,000.00GarageNoneLaundry RoomNoneYear Built1930Wiring ConditionAveragePlumbing ConditionAverageSquare Footage1250County Appraised Value$240,000.00Section 2: Hard Money/Fix N' Flip Calculator Purchase Price (B19)$190,000.00Purchase Closing Costs$1,500.00Repairs (B20)$40,000.00Holding Costs (W/S/G/PUD/etc)$3,000.00Down Payment (Skin in the game)$90,000.00 Total Invested$234,500.00Total Cash Needed From Lender$144,500.00Points charged by lender11.5Points added to loan$16,617.50Total Loan Owed Lender$161,117.50 After Repair Value (from B25)$270,000.00County Excise Tax Rate1.53%Excise (sale) tax amount$4,131.00Realtor Fees 6%$16,200.00Our Closing Costs$1,500.00Their closing costs (they'll ask)$2,000.00Total debits at closing$23,831.00 Total cash received if sold now$246,169.00Total Money in The Deal$251,117.50 Total Profit (pre-income tax):-$4,948.50ROI based on 6 month flip-11.00%

@Leslie Mangrum Cashier’s check, money order, personal check (until a bounce), ACH, and credit/debit.

I have heard about prepaid penalties for other loans, but I was not sure about mortgages.

Very low down payment requirement and you can ask the seller to cover your closing costs and prepaids. 

I just signed the papers on a mortgage refinance and in the prepaid column it has 3 months of taxes and in closing costs it has 2 months taxes which will go into My escrow account.

If Landlord is not able to deliver Tenant's apartment within seven days of the date so stipulated, then, upon Tenant's request, Tenant's deposit and any prepaid rent will be refunded in full and this lease will become null and void.From my perspective, the house was ready and in a “livable” standard on May 1st (the start date which was stipulated on the lease) or else they would not have signed the lease in the first place.

Is the $6.6K actual closing costs or does that also include pre paids?  

@Jeff Fountain, credit/debit card should not be an issue at all. 

But, isn’t it only “lender type fees” that get added in.....aren’t “closing costs” like surveys, title search/insurance, settlement fees, pre paid taxes/insurance, etc Excluded from that calculation?