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Matthew Miller
  • Rental Property Investor
  • New Haven, CT
2
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9
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203k closing costs very high

Matthew Miller
  • Rental Property Investor
  • New Haven, CT
Posted Apr 20 2019, 06:38

Two family house in Connecticut. $150,000 purchase price with $5,000 back toward closing costs. $5600 a year for property taxes. FHA 203k loan. My lender sent me the estimated closing costs and they are $18,000, which does not include the 3.5% down payment. That seems really high. Thoughts?