Is $7553 in closing cost too much for a $158,000 USDA loan for a home in Land O Lakes, FL?The contract price for the home is at $158,000, but I am financing the closing cost into the loan. So the total loan amount is $168,300, that's including the $3300 USDA fee ($0 down). The broker also states that I would have to bring another $2531 at closing. Reserve prepaid cost is $5277. Yield spread premium 5% $8,250.Mortgage broker fee is 2% ($3366). Admin fee $950. Appraisal fee $350. Survey $400. Processing fee $525. Doc fee $95. Settlement/Closing fee $540. Title Ins $25. Endorsements $162. Recording Fee $215. Local Tax/Stamps $589. State Tax/Stamp $336.P.S. My first time buying a home so if I sound like I don't know what I am talking about, it's because I don't. I am just trying not to get ripped off. =(August 24 2009 - Land O Lakes00YesReport 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.