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Refinance Closing Cost

Compare refinance closing cost between lenders before you make a full application. While a mortgage interest rate is certainly important, you must be sure the lender will not charge excessive closing costs to secure a desired rate. A Good Faith Estimate of Closing Cost is the document which will allow this comparison. The Good Faith Estimate of Closing Cost details interest rates, terms, and the cost of the transaction. You will always receive a Good Faith Estimate of Closing Costs from me before you make a full application and I urge you to insist on a closing costs estimate from any lender you consider. Go here for information on a no closing costs refinance

Refinance closing cost fall into several categories-

  • Lender Closing Cost which can vary by lender

  • Settlement attorney fees

  • Government fees and taxes

Lender closing cost

Please understand that I am a mortgage broker with access to over 700 lenders, each with their own fee schedule. Fees below are representative of average fees charged by various lenders we represent. The only fees I charge and keep are a $395 processing fee and a $395 Broker fee. Everything else is a direct pass through from various service providers associated with the transaction. Please note that we do not mark up any fees for any reason.

Origination fees or refinance closing cost I do not charge origination fees at any time $ 0
Discount points Prepaid interest to lower your interest rate Varies by rate
Application fees I do not charge an application fee $ 0
Lock in fees I do not charge for locks under 60 days $ 0
Underwriting/Doc prep Fees to cover Lender office costs $400-$500
Flood Certification  Verify that the property is not in a flood plain $19
Tax Service Paid to process property tax payments $75
Appraisal Verify property value $300-400
Credit Report Fees Paid to verify your credit profile $15

Settlement Attorney closing cost   

Attorney fees Paid for document prep and closing services $225-$400
Title Search Cost to verify chain of title $85- $200
Title insurance Required by lender to insure the chain of title $3.90/$1000 of value

Government fees and taxes are part of your closing cost

Recordation Fees Government fees charged to record a new deed $50- $200
State Transfer Tax The required state taxes Varies by State
County Transfer Tax  The required county taxes Varies by County

Please note that the above are for information purposes only. Some programs require additional fees.

Request a Good Faith Estimate of Refinance Closing Cost before you apply. I will need your current loan balance, requested loan amount, value of the home, which state you are in, and some idea of your credit profile.

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

 Your email address will never be used for any other purpose.


Consult a Good Faith Estimate of Closing Cost for your specific loan details!

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Certified Mortgage Planning Specialist

NEVER an Origination Fee!

Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       VA Mortgage