Evaluating mortgage refinance offers

[David Fuller]

Hi BiggerPockets - I'm relatively new to this game having acquired my first home, a duplex we are owner-occupying in the Boston area, late last year. With mortgage rates having dropped in the past 12 months, I'm exploring a refinance as I think I can reduce my payments. So far I've gotten two quotes...

My initial reaction is that I'm being asked to buy a lower rate through the almost $6k in points on the more expensive offer, which seems like a straight up attempt to pad the offer with additional costs... which I feel like I shouldn't have to do to get close to a market rate with an 810+ credit score. 

But, I'm also curious if the cheaper offer is less ideal in some way I'm not picking up on. It mentions a jumbo product (I'm not on a jumbo product currently, does this matter?) Anything else I should look out for?