Refinance rates and fees

[Colbi Ight]

I recently got a quote for a rental home refinance that I own free and clear. It brings in $1350 a month appraisal at 155k to 165k. The 2 rate options were 6.9% plus $5,470 in fees 30 day close 75% appraised value and the other was 8% interest,  $5,400 fees, 60% Appraisal, 2 week close plus some additional income verification. I have an 800+ credit score NO debt at all and over $100k in the bank. I thought these fees were high but some investors have said its  not bad.