What percent should closing costs be on cash out refi of $140K

[Toben B.]

Hello,

I have 3 duplexes to cash out refi on. All are worth $200K. One is free and clear, one I owe $5K and one I owe $35K.

What should closing fees, points, appraisals add up to? I am seeing $7400-$8400 in closing cost options.  That is around 4.5-5.2% of the loan and seems crazy high to me. Where should these number be?

At 6.75 % - $7330

$4,329.00 Closing costs
$25.89 prepaid costs
$2,975.00 discounts which I assume is another word for points

At 7.125 - $6281

$4,329.00 Closing costs
$27.33 prepaid costs
$1,925.00 discounts/points

Do these look right?

Thanks in advance!