OT - Mortage Settlement Advice Needed
Sorry for being so OT, but I don't know who else to ask:
I am trying to buy my first house for $150k. I have a GFE from Quicken for an FHA loan and a GFE from the credit union for a conventional loan. Both sem to be a wash -- the entire settlement fees (including escrow deposits) are right at $10,000 not including down payments!!! This seems absolutely ridiculous to me, but I have no benchmark to judge from. Is this normal? Will it really cost over $17,000 to put only 5% down?