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Toyota Highlander Timing Belt

My local dealership quoted me $430 to change the timing belt on my 03 AWD Limited Highlander w/ 89k miles. I inquired about the water pump and they quoted me another $260 if it needs to be changed (they inspect). I also have a 10% off coupon. Thoughts on this pricing? I'm in the process of getting a quote from a local mechanic with a good reputation.
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Comments
One dealer's MSRP on same part maybe 10% or more higher than a dealer few
miles away.
The dealer labor charge varies depending on location. If it' a major city location
in coastal area-it's probably at least $ 60/hr or more. If you decide to have it done
at a dealership service dept-make sure you shop around.
Fred Anderson(FA) Toyota (in Raleigh) quoted me $625, all in (I'm not sure whether tax was really included in this price).
Leith Toyota (still in Raleigh) quoted me $750 (which seems high - especially reading repairs on here for <$600).
Not sure what a local mechanic would do it for - as much as I don't really like going to dealers for repair work, I'm a little leery taking it to a non-dealer since it's a seemingly relatively big repair. But, doing that would come with a premium, I imagine. (Although, in reading online, it doesn't seem like it takes as long as I would have imagined).
I found Toyota parts sold online (40-50 for the timing belt) and $118 for the water pump. At leith's $750 price, assuming they paid the same price for the parts (and I'm assuming it'd be less), then at $90/hour labor, it will take them 7 hours to replace the timing belt? That seems high - especially when online, it's saying it's a 3 hour job. Shouldn't a dealer be an expert at changing Toyota timing belts?
I have a $100 coupon from FA, but Leith said they'd match it. Even still, if I go to Leith and use the coupon, I'm still higher than the base price (excluding the coupon) at FA.
I was also told by Leith that they'll check for "front engine seals" and if these are leaking, this will cost an extra $215.
Has anyone done this themselves? Was there any hassle or special tools, etc. How did you hold up the engine with the engine mount removed? The water pump is always an issue as whether to change it out or not. If it is not broke, don't fix it but it's probably good assurance to do it anyway.