Joined Apr 2009 L8: Grand Teacher
6k in estimated closing costs for 71k conventional loan. Am I getting ripped off here?
October 22, 2017 at 12:09 AM
I have a credit union I was pre-approved for with a 3.85% fixed rate for 15 year conventional mortgage loan. The condo I am looking to purchase is 89k and I'm putting 20% down payment. My lender sent me a document giving me estimated closing cost and it's at about 6k. Does anyone else think I'm getting ripped off here or is this somewhat typical rates for closing / prepaid estimates? I'm based out of Florida.
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