Q. I am buying a house appraised at $275,000 and was quoted a 6.25% interest rate on a mortgage. But I am having a hard time coming up with the $5,794 in closing costs, which I feel are outrageous. Are they too high?

A. Probably not. Closing costs typically run between 3% and 6% of your mortgage, depending on where you live.

You didn't say how much you're borrowing, but $5,794 would fall within that range unless your loan is for less than $96,000.