Just got a GFE with closing costs for an investment property and it seems very high. I hold my current primary residence loan with WF so I gave them the first shot at my purchase of an investment real estate in Florida.
Estimated closing costs for a $220K home with 20% down ($176K loan) are about $11K. Yea, this includes all the prepaids but sounds preposterous. I'm thinking $3K without prepaids and 6K or so with.
Any takes on this would be appreciated.
Estimated closing costs for a $220K home with 20% down ($176K loan) are about $11K. Yea, this includes all the prepaids but sounds preposterous. I'm thinking $3K without prepaids and 6K or so with.
Any takes on this would be appreciated.