Answers · Costs
How much does refinancing actually cost?
Updated June 2026Typically 2–6% of the loan amount — commonly $5,000–$8,000 on a $300–400k loan. Origination, appraisal, title, and recording are the big items. Some are negotiable, some aren't, and "no-cost" refis just move the cost into your rate.
Where the money goes
Typical ranges on a $350,000 refinance — yours will vary by state and lender:
| Item | Typical range | Negotiable? |
|---|---|---|
| Origination / underwriting | $1,000 – $3,500 | Yes — varies most by lender |
| Appraisal | $400 – $700 | Rarely; sometimes waived |
| Title insurance + escrow | $1,000 – $2,500 | Partly — you can shop title |
| Recording / government fees | $100 – $2,000+ | No — set by your state/county |
| Credit, flood cert, misc. | $100 – $300 | No |
| Discount points (optional) | 1 point = 1% of loan | Your choice — buys a lower rate |
The three ways to pay
- Cash at closing. Cleanest math; your breakeven is simply costs ÷ monthly savings.
- Roll into the balance. No cash today, but you pay interest on the costs for the life of the loan.
- "No-cost" refinance. The lender covers costs in exchange for a higher rate (often +0.25–0.5%). Good if you may move within a few years; expensive if you'll stay 15+.
Why the same borrower gets different prices
Origination fees and rate pricing vary meaningfully between lenders for the same profile on the same day. That's the entire case for comparing several lenders rather than taking the first quote — and the difference compounds: $1,500 less in fees on the same rate shortens your breakeven by months.
The fee math, done for you
Your free agent compares lender pricing against your loan daily — fees and breakeven already counted — and alerts you only when switching genuinely pays.
Assign my agentRanges are typical figures for illustration, not quotes. Your actual costs depend on your state, loan size, and lender. Not financial advice.