Do these closing costs look high to you?

[Pete Fiannaca]

Hey everyone. Quick question...

Single family home purchased with a conventional loan. 4.5% for 30 years and 20% down. Contract price was $72,500 and mortgage amount is $58,000.

CC, or "settlement charges" as my loan company calls them are right around $5500, or almost 8% of the purchase price.

Seem a bit high to anyone else other than me?

Thanks,

Pete

[Mike Cumbie]

Then I think it looks high to me, I would say to ask your Mortgage guy what that includes. May want to hit @Jerry Padilla up as he does mortgages in this area and may have some good insight