Is almost $12,000 in loan costs on FHA refi too much?

It depends on your loan amount and taxes but i would say yes. I will be happy to look over your loan estimate. 732-501-9564

More info needed, but in general, it does seem high.. understand that FHA charges 1.75% of your loan amount as an upfront MI premium.. if your new loan amount is $400K, then $7000 is the upfront charge.. $12,000 less $7,000 is $5000.. and when you are having to establish a new impound account, and pay for all your title fees as well as underwriting, appraisal, etc.. then that could be more in line of what would be considered reasonable. but without knowing all the details, it's impossible to advise you.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893