Why are closing costs 3800 on a 16000 house loan?
I am buying a home on a conventional loan. I am putting 10% down. I am financing $ 16,000. the taxes on the place are 810 per year. Why in the hell do I have to pay that much in closing costs? I live in Ohio. I am a first time home buyer but it was easier to go conventional due to the house inspections taking to long. We have to be out of our house so we had to go with the most timely one. Any ideas or suggestions? and to the people that are going to ask for my personal information, don’t bother, I am not that dumb to give up my info.