Am i getting the best rate

[Damilola Adedji]

[Jaysen Medhurst]

No, @Damilola Adedji, I don't think you are--with the caveat that rates and terms are very dependent on your qualifications.

I'm seeing rates below 4% with no points. You're paying almost $1k in points, $1k application fee (a lot of lenders will waive or reduce this, all you have to do is ask). That $700 in PMI to tough. Anyway you can put a full 20% down? This is a very small loan, not a ton of cash to come up with.

I'd do a lot of shopping around. Talk to all your local banks and Credit Unions. Don't be afraid to play lenders off of each other.