Wow we are currently purchasing a home. We are able to avoid PMI due to 20% down. I think 4% is pretty good. Sounds like our closing cost are a little steep at $4100. I tell ha buying now is different than it was 12 years ago when we bought our first. There is more paperwork as well as having to show where your down payment is coming from. I can't imagine the process if we had questionable credit or without down payment. At 800+ credit scores it seems like this would be easier