Mortgage Refinance Closing Costs
Refi closing costs eat into your break-even math. Only refinance when you will keep the home longer than the break-even period.
Use this page as a benchmark, not as a guaranteed quote or eligibility promise. The price, rate, fee, coverage, or feature set can change with location, customer profile, promotional timing, scope, and provider terms. Compare the current source disclosure before you buy or sign.
FairPrice Guru keeps the benchmark separate from the provider's marketing. A higher price is not automatically unfair when it buys more coverage or a better scope, and a lower headline price is not automatically better when fees, restrictions, or missing features change the real cost.
Price and terms
- Typical: $3,500 per refinance
- Typical range: $1,500–$8,000
What this fee covers
Appraisal, title, origination, recording, escrow setup for the new mortgage.
Hidden fees to watch
- Discount points
- Prepayment penalty on old loan (rare)
- New escrow funding
Ways to pay less
- Calculate break-even: closing costs / monthly savings = months
- No-closing-cost refi rolls fees into rate — usually costs more long-term
Official source · Last verified 2026-07-04