RE agent contacted my lender, wants to move mortgage

[Jay Garrison]

Hi,

I have done the appraisal, was waiting on seller to make repairs when my agent - without telling me she was doing this - contacted my lender and discussed moving my mortgage to another lender. 

The new lender offers $7k down pymt assistance (previous lender offered none) but the interest rate is 5.375, as oposed to 4.375 with my current lender. Obviously over a 30 year mortgage the difference completely dwarfs the downpymt assistance. 

In addition, my lender mentioned to my agent that i am gdtting a personal gift to help with the down payment, which doesnt seem kosher to me.

This seems odd to me. My RE agent is saying she is helping me out by "switching" me to this new lender, but iam not so sure. First timer here, am i missing sth or is my math off?

Thanks