In the closing costs, I prepaid for 1 year of property insurance. 

Here comes the BP cop again, LOL, just check those usury laws, points are considered pre-paid interest to compute the APR.

SIM can be from your carrier or a prepaid version - data only for about 25/year.   

house is age 1930. initial renovations cost, i got from different contractors. i think it came to $14k but i just around up few grandsclosing cost break down is below: (it high bc I am including home insurance & taxes for the year within closing cost) Application Fee $250.00 Loan Level Price Adjustment $4,453.00 Underwriting Fee $350.00 Appraisal Fee $600.00 Credit Report Fee $27.00 Flood Certification $9.00 Lenders Attorney Fee $500.00 Tax Related Service Fee $99.00 Title - Administrative Fee $25.00 Title - Bankruptcy Search $20.00 Title - Endorsement Fee $150.00 Title - Lenders Coverage Premium $1,026.00 Title - Search Fee $375.00 Recording Fees and Other Taxes $375.00 Transfer Taxes $1,875.00 Homeowner's Insurance Premium (12 months) $1,200.00 Prepaid Interest ($15.63 per day for 15 days @ 3%) $234.00 Homeowner's Insurance $100.00 per month for 4 mo $400.00 Property Taxes $112.75 per month for 7 mo $789.00 School Taxes $338.08 per month for 11 mo

Don’t forget, you haven’t earned any of that prepaid rent.

The prepaids for Insurance and Taxes aren't too crazy but those often change daily based upon which mortgage company the lender is able to get the best rate from each day.However, once you have someone pull credit to do the work up you may as well get some other options as well.

., origination fees, commitment fees, lock-in fees, appraisal, credit report and flood certifications), or a cash advance taken by the Borrower on a revolving credit card account or an unsecured line of credit to pay these fees may be used as an acceptable source of funds and may be considered Borrower Personal Funds as described in Section 26.2(a) if the following conditions are met:The maximum amount charged or advanced may not exceed the greater of 2% of the Mortgage amount or $1,500The amount charged or advanced must be included in the Borrower's total outstanding debt and the repayment of such amount must be included when determining the Borrower's monthly debt payment-to-income ratio as described in Section 37.16The Borrower has sufficient verified funds to pay these fees (in addition to the funds needed for the down payment, Prepaids/Escrows, other Closing Costs, Financing Costs and reserves as required); however, the Borrower is not required to pay off these charges at closingRefer to Section 17.38 for instructions on delivering Mortgages where Borrower uses a credit card, cash advance or unsecured line of credit to pay fees associated with the Mortgage application process."

I don't believe pre paid rent is really a protection as some do, I just see it as kicking the can down the road. 

Cash on Cash return seems low at ~3.4% which includes prepaids for property taxes.

Many today are requiring 3-6 months of prepaid interest.