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Fair closing costs for hawaii

Hi, I just received a GFE on closing fees for my mortgage.  I was wondering if this was a fair deal. It seems high to me.

Mortgage for 270k.  
Rate 4.25% conventional loan
I'm putting down 25%


Major costs quoted:
Origination charge: 3,325
Appraisal fee: 650
Title services and lender's title insurance: 2,091
Owners title insurance: 1,545
gov recording charges: 127
Transfer taxes: 562
Daily interest charge: 691
Initial deposit for escrow account: 152

The costs total a little over 9k. 

I don't really know much about costs, but I was wondering if this was fair. Thanks for any advice.

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December 10 2013 - Honolulu
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Answers (3)

I have helped alot of customers in Hawaii and the fee's seem a bit inflated across the board. The origination charge obviously has some rate "buy down" included and you should ask your lender for a quote with no points so you can calculate your break even point for the buy down and see if it makes sense. I am not sure why you would be paying $650 for an appraisal, unless it is a multifamily?
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December 11 2013
I agree. Third party fees are fine, origination may be a bit high but you have a pretty low rate so it makes sense. Talk to your attorney about Owner's title as it is not needed. I can't recommend getting rid of it, but your attorney should be able to explain it more in detail to you and help you decide whether or not to pay it.
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December 11 2013
Your third party fees seem to be in line.  I could do a comparison on the third party fees and it seems like you must be buying down your rate as I see a loan origination fee being a little high, but I assume you are buying your rate down. 

Get a couple more quotes to do some comparison shopping. 

Best of luck!
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December 10 2013
 
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