- New to Real Estate
- Philadelphia, PA
- Votes |
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.