Single upfront PMI costs, is this too much

Hello All,
Just received an email from my lender in response to my question about paying a one time up front PMI so that I do not have to deal with it monthly. The LO advised the cost upfront would be 11,835.00. I am simply wondering if it is a little on the high side? Can this be negotiated... I was hoping for maybe 8,000 or so.

My deal: Convetional 30 year
Purchase price - 319,600
Down payment - 5%
Mid Mortgage score - 732

Builder and lender incentives are 2k towards closing, plus title policy and 475.00 towards appraisal. Plus 26k towards upgrades....