When is a refinance to expensive?

[Jared Crouch]

I am planning on refinancing a rental property worth approx $200K (current loan of $108K) I would like to take out $30K in a cash out refi. The fees for this transaction are around $4500. That is around 15% of the total cachet amount. Is this too costly to refinance at this point?

I plan to use funds to purchase more units. 

Thank you in advance.