quoted $6000 for a 20/30 year loan @ 4.375% loan with 20% down, credit rating of 780+
Seems about $4000 too high.
The loan amount is approx. $145000. The $6k number does not include the prepaid insurance and taxes.
As near as I can tell, there may be a half point added. The rate does not reflect a significant buy down, in my opinion.
babyboomer1001
Mortgage rates are not by area. If you qualify, your rate will based on your credit. You may also get a better rate if you are a veteran. Closing costs in your area - sorry, I don't know.
coraann
Call your bank regarding rates. Closing costs and legal fees are based on the
purchase price of the property.
anonimitie
And that you decided not to mention the critical detail of how much the loan is makes me think your opinion on what's too high is meaningless. Feel free to shop around.