Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

29
Posts
9
Votes
Todd Michaels
  • Investor
  • Chicago, IL
9
Votes |
29
Posts

$10k closing costs on $315k duplex - seem about right? Title Services?

Todd Michaels
  • Investor
  • Chicago, IL
Posted

Hello,

My fiancee and I received a GFE of ~$10k, just want to make sure these numbers seem ok to experienced folks here on BP.  Owner-occupied duplex.  Purchase price $317k.  20% down.  4.125% interest rate.  Loan amount $253,600.

The 3 biggest items are:

Title Services and Lender's Title Insurance = $4,148

Transfer Taxes = $2377.50

Initial deposit of Escrow = $850.00

The the taxes and escrow seem fine, but what about title services?  $4k seem reasonable?

Thanks.

Loading replies...