Refinanced was closing costs too high?

[Mark Kudlach jr.]

Hey BP, Just refinanced my home. Bought for 252k in 2010. Haven't really paid extra payments other than a few payments towards principal.Have the original loan down to about 220k. Appraisal came back at 295k.Original loan was for 30 yrs at 4.27% . Refinanced for 15yrs recently at 2.75% figured this was a smart move. Wanted to pull equity out to start my first deal. Thinking the LTV of 80% in this equity would be around 60k. Bank explains 80% of 295k is 236k which leaves me with a whopping 16k left over instead of the 60k I was hoping for. Again I'm a newbie so be patient.My question is for the closing costs. Does roughly 9k sound right? I'm learning the game very quickly and it's not going exactly how I figured in my calculations. Any feedback would be appreciated. Thanks, Mark Kudlach jr.