Cash Out Refinance

[Samori Diallo]

Hello BP,

I am looking to do a cash-out refinance on a property that I own free and clear which i estimate to be between 95k and 105k. I'm considering terms that I received from Zeus Mortgage. 30 year loan, 4.75% interest rate and 75% of the appraisal value with $6,500 in closing costs. I am a self employed. I will continue to search around but wanted to know your opinion on these terms??? Both the interest rate and closing costs seem high to me. Your feedback is appreciated. Thanks.