looking to cash out refi my duplex- Quicken loans

[Aaron T.]

I am looking to cash out refinance my duplex. I live in one unit and Airbnb the second unit. anyone have experience with quicken loans? 

this is what they gave me for numbers. this would be owner occupied and credit over 800. 

I thought owner occupied was in the 3s% already. not sure why I need to buy points to get it in the 3s....thoughts?

Option 1

$317,000 loan amount

3.25% fixed (lowest available rate.)

$13600 loan costs 3.125 pts/$9906)

$1570 new monthly payment (including your taxes and insurance.)

Option 1 Breakeven

Appx. 4.6 years

Option 2

$308,000 loan amount

30 year conventional

4.125% fixed

$5212 loan costs (.5 pt/$1540)

$1684 new monthly payment (including your taxes and insurance.)

Option 2 Breakeven

Appx. 1.5 years

Option 3 (cash out)

$375,000 loan amount

3.75% fixed (lowest available rate.)

$12429 loan costs (2.25 pts/$8,437.50)

$1928 new monthly payment (including your taxes and insurance.)

$59,500 cash TO YOU at closing.

Option 4 (cash out)

$375,000 loan amount

4.125% Fixed

30 year conventional

$10554 loan costs (1.75 pts/$6,562.5)

$2009 new monthly payment (including your taxes and insurance.)

$61,272 cash TO YOU at closing.