WHAT IS POINTS, PITI ETC?

[Raul Vasquez]

HI

I have numbers to analyze, my property is value in $205,000, I already paid it off and rent it for $1400.

I want to cash out to do a new investment or BRRRR and I got this lender who offers me this for 30 years:

$150,001.00(LOAN AMOUNT)///$205,000.00 (APPRAISED VALUE)///3.500%(RATE)///3.865% (APR)///2.942(POINTS)///

$673.57 (MONTHLY P&I)///$840.24(PITI)///$7,596.34 (LOAN FEES)/// $1302 (PREPAIDS)///$141,102.66 (CASH TO CLOSE)

Do you think is it a good deal or not?

what can I negotiate?

PD. 

Considering that my credit 700 approx but I can not get into the banking system easily.