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LGet a 'good faith estimate' of closing costs in writing,..do not rely on verbal promises
It is reasonable to have closing costs built in.....depending on the company.
One baseline you can start with is cashcall.com. generally decent rate, little to no out of pocket costs, they pay the appraisal.....and you can do everything by email until you sign....and they send the notary to you.
Generally speaking your options will boil down to paying X more for Y less % rate. The prudent thing to do is calculate the amount of money you would save per year at the lower rate......then see how many years it would take to pay that X cost. If you know 100% youll be there for that long or longer, then its an easy call.
Best of luck to you!
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