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Updated about 1 year ago on . Most recent reply

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27
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27
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Tom Hall
27
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27
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why closing cost is so high?

Tom Hall
Posted

Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7k and plus monthly mortgage insurance... in 2020 there was not just a thing 2% of the loan on mortgage origination loan fee!

Now total closing cost is 26k and my closing is soon, i am just feeling uneasy about this? is this normal for todays market? can someone give me some clarity ? 

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