Penang Consulate will ask you a hotel booking (at least 14 days) or house rental contract AND a return ticket. Visa fee is 150 ringgit, about 1,200 baht.
Tourist Visa is a sticker that takes a whole page of passport.
Yes, get 7days extra extension at Immigration, it costs 1,900 baht.
Better not to have overstay stamp on your passport (4 days overstay would cost 2,000 baht) and if for any reason you should be stopped by Police during those 4 days, could have big problems.