Mortgage rates · Educational guide

Refinance Closing Costs, Line by Line

The typical fees in a refinance, which ones you can shop for, and how no-closing-cost options really work.

  • Cites official sources
  • No forms, no tracking
  • Not a lender

Lender charges

Origination or underwriting fees and any discount points, shown in Section A of the Loan Estimate.

Third-party services

  • Appraisal: often required, though some streamline programs and appraisal waivers skip it.
  • Credit report and flood certification.
  • Title services and lender’s title insurance: you can often shop these. Ask about a reissue rate if your current policy is recent.
  • Settlement or closing fee.

Government fees and prepaids

Recording fees, any mortgage or transfer taxes your state charges, prepaid interest and possibly a new escrow deposit for taxes and insurance.

“No-closing-cost” refinances

There is no free refinance. Costs are either rolled into the loan balance or covered by lender credits in exchange for a higher interest rate. Either may be reasonable depending on how long you keep the loan.

Right of rescission

For most refinances of a primary residence with a new lender, federal law gives you three business days after closing to cancel. Funds are disbursed after that period.

Keep reading

This page is general education. Program rules change; confirm current requirements with the official sources linked here and with a licensed lender.