Give me some advice on these closing costs. Thanks!

[Nicholas Zeiler]

Hello,

I would you all to look over these closing costs (all personal and bank info is redacted).

The purchase price is 400,000 and I am putting 16k down. Closing costs are coming to 30k. That seems high to me but maybe its normal.

In the docs it shows a seller credit of 10,000. The seller will not be giving me a credit of 10,000 so I have to come up with the 30k myself.

Let me know what you guys think of the amount of the closing costs for $400,000 property.

Thanks!

[Zack Karp]

@Nicholas Zeiler everything seems kosher, except for the 1 point fee (0.944%) and $1598 in lender fees.

As @Chris Mason said, don't pay points on FHA. Unless your credit score is really bad, that combination of a 4.5% rate plus 1 point is wayyyyyy too high.

Those lender fees are high, most lenders are closer to $1000-$1200 total.

Appraisal might be fine, every state is different and depends if this is a 1-unit or 2-4 unit property.

If you need a rockstar loan officer in OH that won't gauge you, shoot me a PM and I can connect you.

Best of luck!