@dtimberlake12 wrote:I am scheduled to close on a 150k house and my closing costs are $10,888!!! It seems 'off' because from what I've read the closing cost averageanywhere from 2-3% of the price of the home. Am I missing something here?
I don't know where you are getting 2-3% "average" for closing costs, but that is really low.
It is different everywhere because the costs due at closing include the following:
1) Lender Fees including origination fees, credit report fees, appraisal and flood cert fees (varies by lender)
2) Title fees - varies by title co and what your contract specifically states,
3) Taxes and government fees - (varies by geographic location)
4) Pre-paid expenses (insurance and pre-paid interest
5) Set up for your escrow account (at this time of year, this can be for the full amount of taxes due for the year depending upon your geographic location)
6) Other fees not included above
This is why the lender provides you the very detailed Loan Estimate up front.
If you have high taxes or high homeowners insurance costs, then the amount you bring to closing will be substantially higher this time of year because the full tax bill for the calendar year is due in November (not everywhere, but in many places). If you close in July or Aug or Sept or Oct the lender has to have your full escrow paid at closing to pay the bill when due as you have few to no payments between your closing date and the due date. Fortunately the seller contributes their portion in the form of a credit right at closing which reduces the cash you have to bring to the table by the amount of the sellers credit. Sometimes this credit is shown on your LE and sometimes it isn't.
If you pay cash for your purchase you don't have most of the fees - lender fees go away, title fees are much less, no escrows because you pay it yourself when due, - government fees are the same except you don't pay recording fees for the mortgage because there is no mortgage. But most of us don't have the ability to pay cash for our homes. 
Startingover10 you are correct. We will take the 1700 credit the seller is giving us towards the closing cost. My wood flooring guy says he can fix it for about 500. My wife and I went down to the lender and he said he made some mistakes and the closing costs came down to 9,200 minus the 1700 sellers repair credit is 7,500. The lender says and I checked with the title company and here in Oregon Nov. 15 is a due date for property taxes and July is the 1st of the new year, and this lender wants some cushion like 2 months of cushion so Sept Oct. (2 months) then November to July (9 months) so maybe at closing the 7500 will be down to 6858 (371 property tax x 2 months= 742) . Btw my wife's middle Fico is 708 so we are getting a rate of 3.75 which I think we are getting screwed big time. My middle is 733.
$600 
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12k VSiggy