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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingDo These Closing Costs Seem Right??
Jack Perfett's profile image
Jack Perfett's profile image
Jack Perfett
Pro Member
  • New to Real Estate
  • from Philadelphia, PA
  • Member since Jun 8, 2020
  • Posts 65
  • Votes 30
  • Experience 4 Yrs
  • Investments 1
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65
Posts
30
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Jack Perfett's profile image
Jack Perfett's profile image
Jack Perfett
Pro Member
  • New to Real Estate
  • from Philadelphia, PA
  • Member since Jun 8, 2020
  • Posts 65
  • Votes 30
  • Experience 4 Yrs
  • Investments 1
Connect
Jack Perfett
Pro Member
  • New to Real Estate
  • Philadelphia, PA
30
Votes |
65
Posts
Multi-Family and Apartment Investing

Do These Closing Costs Seem Right??

Jack Perfett
Pro Member
  • New to Real Estate
  • Philadelphia, PA
Posted Jan 20 2022, 11:42

Hello!

I am currently in the process of purchasing my first multiunit house hack in the Philadelphia area. I am using a 3.5% down FHA loan and have received a loan estimate on a property. The property is $425,000 and the loan estimate says my closing costs will be $22,922. Is this right or is this extremely high? When watching Brandon evaluate deals he's usually around $7500 in closing costs for this price range of a property.

Please let me know and all answers are appreciated.

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