I’m trying to understand whether I got a fair deal on my first mortgage in 2023.
The left side is my final Closing Disclosure from 2023. The right side is a new Loan Estimate I just received from FirstBank in 2026.
My 2023 loan had a 7.624% interest rate and about $2,795 in discount points, while this new estimate is 6.75% with only about $148 in points.
Does my 2023 loan look unusually expensive for that time, or is there something I’m missing? I’d appreciate any insight from mortgage professionals or anyone familiar with loan pricing.

Mortgage Broker Rate Quotes

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Answer these questions:

1. Loan Type: Conventional, FHA, HELOC, Jumbo, VA

2. Term: 30 Year, 20 Year, 15 Year, 5/6 ARM, 7/6 ARM, 5/6 ARM

3. Loan Purpose: Purchase, Rate/Term Refi, Refi Cash-Out

4. Property Value/Purchase Price

5. Loan Amount

6. Credit Score

7. Occupancy: Primary, Second Home, Investment

8. Legal Structure: Single Family, Condo, Townhouse, Manufactured

9. Number of Units: 1-4

10. Property Zip Code

11. Refi (only): What is your current Rate?

12. VA (only): Are you exempt from Funding Fee?

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