Hi!

I'm looking for some advice from people who have bought homes in Pennsylvania, and more specifically in Southwestern PA.

My partner and I are looking at buying our first home (and we're really excited about it). The house we are looking at is only five minutes from the place we are currently renting since we love the area and is listed for $49.9k, which is a reasonable price for the area. The various loans that I'm looking into to getting a pre-approval letter from all allow us to put down 5% as a down payment, which works for us so that we can put the rest of the money we saved toward the closing costs.

Here's where my question comes into play.

I went onto Rocket Mortgage and found they had a closing cost calculator. I had read the average closing costs were somewhere between 2% and 6%. I was curious about what ours would be. I entered the house price, entered the down payment amount, entered the zip code for the house, and entered the rage of my credit score (since I am applying for the loan because I have the credit). The number it gave me seemed a little outrageous to me and I don't know what to think and neither does my partner when they saw it.

For a $49.9k house, it said that I would need to pay 12.643% in closing costs (about $6.3k) for a 30-year fixed loan. That seems a bit ridiculous to me when everywhere I look, it says that about 6% is the upper max and this is double that amount.

Are we missing something? Are there hidden fees or costs that aren't mentioned that we may get blindsided with?

Any help with this would be fantastic as, if this is the case, we may need to hold off on buying our dream house and save up another year.