Financing in Briarwood>Question Details

Real Coop, Home Buyer in Queens, NY

Reasonable Bank Fees?

Asked by Real Coop, Queens, NY Fri Nov 27, 2009

I am purchasing a co-op in Briarwood, Queens, NY. The purchase price is $109,000. With me putting 20% down, the bank is offering a 5% interest rate with .75 points or $654. The appraisal fee is $395 and the lender fee is $875. Do the fees seem reasonable in light of the size of the loan, down-payment, etc.?

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Hi Real Coop,

The fees seem reasonable to me.

Unfortunately, some of the bank fees do not fluctuate with loan amount, like underwriting, processing, doc prep, admin, tax service, wire, etc.

Best regards,
Elva
0 votes Thank Flag Link Fri Nov 27, 2009
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