Are these numbers good for a 30yr, fixed, conforming/conventional mortgage loan?

Price of home: 159,470 PMI: yes Interest Rate: 6.5 -> builder offered free point to buy down to 6.375 Estimated Prepaids: 1,584 Estimated Closing Costs: 3,793 Total Costs: 164,847 --------------------------------------... Good Faith deposit already put down: 1,500 Lender Credit: 175 Paid by Seller:... show more Price of home: 159,470
PMI: yes
Interest Rate: 6.5 -> builder offered free point to buy down to 6.375
Estimated Prepaids: 1,584
Estimated Closing Costs: 3,793
Total Costs: 164,847
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Good Faith deposit already put down: 1,500
Lender Credit: 175
Paid by Seller: 1,595 (interest rate point)
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Total Loan Ammount: 159,470
Total Settlement Cost: 2,112
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Payment schedule:
no. of pymnts: 120 Principle & inter & PMI : 1,123.80
no. of pymnts: 35 Principle & inter & PMI: 1,021.47
no. of pymnts: 205 Principle & inter: 994.89
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Notes:

I didn't have enough down payment (20%) to get out of PMI because i recently spent 15k to get totally out of debt (paid off car, student loan, etc..). I now have 0 debt and plan to pay 400$ a month extra on my mortgage to cut the # of yrs and end pmi sooner.
Update: Oh yeah, with PMI, closing costs, the APR is 7.24%
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