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Jack Perfett
  • New to Real Estate
  • Philadelphia, PA
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Do These Closing Costs Look Correct?

Jack Perfett
  • New to Real Estate
  • Philadelphia, PA
Posted Jan 20 2022, 17:28

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 for the Philly area

 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.

I have added a picture of the loan estimate for clarification.

Please let me know and all answers are appreciated.

Philadelphia, Pennsylvania

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