Home price: $192,000 Closing costs: $19,783

It's a VA loan and we are buying in Pennsylvania.

I was fully prepared to pay 5% of the purchase price in closing costs, but this is over 10%. Is there any way to get any of these costs down? I've looked at dozens of examples and it just seems so far out of range.

Here is the breakdown:

A. Loan origination fee – $999

B. Things you cannot shop for – appraisal – $450 – credit report – $63 – flood certification -$10 – reinspection – $125 – VA funding fee – $4284

C. Things you can shop for – closing protection letter – $125 – copy fee -$25 – courier/delivery – $50 – E-doc – $50 – electronic recording – $14 – endorsement – $300 – examination – $300 – lender's coverage premium – $1544

E. Taxes – recording fees – $344 – transfer tax – $3840

F. Prepaids – homeowners insurance – $1000 – prepaid interest – $375

G. Escrow – homeowners insurance (83.33 x 4 months) – $333 – property taxes – (416.67 x 13 months) – $5417

Other – owner's coverage premium – $100

I understand the VA funding fee is driving this up, and I was expecting to pay that as well. But even excluding that, we're at 8% in closing costs. Is this normal?

submitted by /u/xrlnx
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