Closing Issues on First Duplex

[Michael O.]

Hi All,

I'm currently under contract on my first Duplex using a 203k to handle some renovations / improvements and have a few questions re: closing costs that I was hoping the community could help answer:  

PP: $62k

Reno: $27.5k

All-in: $90k

I'm only putting the minimum 3.5% down which would be $3,150. I thought everything was moving along fine, but when I received the initial closing disclosure the total Cash to Close was $11k before subtracting for the EMD and Appraisal.

The issue is; I feel that the Cash to Close is much higher than what I expected. 

Down Payment: $3,150

Initial Escrow payment: ~$2k

That leaves roughly $6k in additional costs and fee's on a $90k loan. Does this sound right, or is the lender being sleazy?

Thanks for any advice!