Am I getting a good deal?

Hello,

My wife and I are building house and if we go with the builder's mortgage company we get 3 points (3% of the loan amount) as a bonus reward to use to either buy down the rate or pay towards closing. Here are some figures from the GFE I received from the mortgage company. This is for a 30 yr fixed conventional w/ 5% down and a upfront payment of PMI. My credit score is between 700-720. The total loan amount is $192,660;

Total Estimate charges: $9,766 (includes PMI upfront fee of $3,949 and ALL other fees in regards to ins. premium, taxes, closing fees, etc)

Paid by Lender: $5,779

Paid by borrower: $3,987

Cash required at closing: $9,127 (includes 5% down payment + closing costs)

Interest Rate: 4.99%

Monthly payment: 1,034 (principal) + 56 (Haz. Ins.) + 169 (Real Estate Tax)  = $1,259.21

I just would like to know from some other mortgage professionals if this is a good deal or not.

Thanks!