Closing costs on a one-time close construction mortgage too high?We are in the process of purchasing a lot ($155k) and building a home ($350k) and going with a 90/10 ARM during the construction phase and whill convert to a 80/20 Fixed upon completion of the home. The loan amount is $404k and closing costs (origination, title policy, survey, construction, appraisal, recording, etc.....) are coming in around $12k (does not include any prepaid taxes), so around 3% of the overall loan value. At a first glance this seem hight to me. But our last home loan was for $170k so I know this wouldnt be an apples to apples comparison. Is this average for a construction loan or too high?June 22 2012 - Dallas00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.