Advise on rate - First single family investment property

[Gaurav K.]

I am in the process of purchasing my first property. Was looking for some advise on the current 30yr mortgage rate for investment property. This is what I received from the bank for a $61,500 loan with 20% down.  I just want to do a sanity check. Does this look about right? Any thoughts on buying points and lowering rate, basically why option would you pick? 

Also they are asking for $600 for appraisal and clearing any security holds

Rate

P & I

Points / Lender Credit ($/%)

LockPeriod

5.250	$340	1.875% ($1154)	45
5.375	$344	1.625% ($1000)	45
5.500	$349	1.250% ($769)	45
5.750	$359	0.875% ($538)	45
5.875	$364	0.500% ($308)	45
6.000	$369	0.250% ($154)	45
6.125	$374	-0.250% (-$154)	45

Thanks much.