Kathi.... Also-

Kathi.... Also-

Its all relative. If all closing costs are around 8-10k, the less you borrow, the larger your percentage will be. ie,

10% of 200,000 = $20,000
10% of 160,000 = $16,000 etc....

(I only used 10% 'cause its easier to figure)

Wait I think that was confusing.

What I mean to say is ....

Closing costs aren't based on what you are borrowing but the actual percentage will be. The less you borrow, the more the percentage of that $$ will be. If you borrowed twice as much for the same closing costs, the % would double.