And again,
@Rob1389, even at $100/hr labor, to actually tear down and rebuild your transmission with an OEM quality friction, steels, apply pistons, reverse band, gaskets, etc. kit and a reman torque converter will only set you back $1500-$2000. As
@dbrannon79 suggested, it does sound like the price they're quoting you is for swapping your core for a reman, of unknown origins/quality, based on the prices you're being quoted. Go onto eBay and see what the prices of already remanufactured/rebuilt 4L80E's are - they're right in the ballpark of what you're being quoted. Find a local transmission REBUILDER shop, like what the gearheads and racers and truck builders use, NOT an AAMCO Transmission type of shop that basically just swaps in reman units. We have several shops here locally that are known for their on-site rebuilds of transmissions with 100K or even lifetime guarantees on their rebuilds depending on if you rebuild to OEM or HD/Extreme Duty.