This will depend upon how your contract was written. A minimum down payment on a FHA loan right now is 3.5% which is less than what you have given the title company. Also, what a lender may want to see can vary. Your closing costs will also depend upon how your contract was written and if you are paying an origination fee or points to get a lower interest rate, and also the fees your lender and title company are charging.
What you need to do is to contact your lender and ask them for an accurate answer.
Ron & Brenda Cunningham
West USA Realty
*** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley" ***
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Ron & Brenda
Brian Cardenas, Sr. Mortgage Consultant
AmeriFirst Financial, Inc.