Local lender rates 5.5% 20 yrs ... Reasonable?

[Jeff G.]

My 2 newb partners and are trying to buy a second rental property, one where the numbers work well, and a local credit union is telling us 5.5% for 20 years and possibly with a balloon, whereas we had been planning on 4.5% for 30 years and no balloon.

Wondering if the CU's figures seem reasonable to you, or if you might be able to provide another lending source(s).

We are shopping around, locally, right now, but it seems likely we have a deal, so we're kinda antsy to find the best lender terms we can.

Thank you for whatever you can offer ...