Appraisal Cost Higher for Investment Loans?

[Scott Frame]

I am purchasing a property with a conventional investment loan and the lender is giving me a price of $795 for the appraisal, stating that "appraisals cost more for investment loans". Is this true? Why should an appraisal cost more for an investment loan? I did a web search and can't find anything about this idea that it should cost more for investments. I am used to paying about $400 for an appraisal so I'm a bit frustrated. Can anyone provide insight on this?

[Raymond J. Rodrigues]

@Scott Frame, a single family of that size as an investment property would generally cost no more than $650 in the State of Florida from what I've seen. 

$495 seems to be the standard for a primary residence. On an investment property purchase, appraisers have to create not only an appraisal, but also a comparable rent schedule (1007). This determines what the property realistically can rent for on a monthly basis. This helps offset the proposed mortgage debt in order to help you qualify, not to say you need it or anything. I hope this helps.