Are these HELOC terms good or bad

[Russell M.]

Hello I'm shopping for a Heloc. Today I spoke with someone from a company called Lower. I wanted to see what you guys thought of their terms. 

95% Equity on my primary

10 Yr Draw period

20 Yr Repayment period

Rate based off of wall street prime

close is 4-6 weeks

$8k (Estimated on the high end) closing costs tacked onto the back end of mortgage. 

Take over the 1st lien position