I am wondering what is included in the monthly payment quoted.
My calculator indicates that a loan for that amount, at that interest rate would be apporoximately $1,896.61 per month.
The questions to ask is whether or not impounds are included in the $2,500 figure. Impounds are property taxes that are paid each month into the lenders escrow account to assure that the property taxes are paid on time.
The lender will advise escrow as to the amount that needs to be prepaid to start the acccount.
Is property insurance included in that quote i.e. fire, liablity, flood.?
Amoung other items, the GFE should provide the loan amount, the interest rate, the monthly payment, the points charged by the lender, lender escrow fees, lender title fees, estimated property tax
Consult with the local full time realtor who will be helping you find your new home. They will have access to a sample GFE as well as referral mortgage brokers who are reliable and honest.
Best of luck in your home search.