Estimate Your Closing Costs

FeeNegotiable?Est. Amount
Origination / lender fee (0.5–1%)✅ Yes—
Discount points (optional)✅ Yes$0 (excluded)
Appraisal fee⚠️ Sometimes$550
Title search & insurance⚠️ Shop around—
Attorney / settlement fee⚠️ Sometimes$500
Recording fees (county)❌ Fixed$125
Credit report fee❌ Fixed$30
Survey (if required)⚠️ Sometimes$400
Estimated Total—

What Are Refinance Closing Costs and Which Ones Can You Reduce?

Refinance closing costs typically run 2%–5% of the new loan amount. On a $300,000 loan, that's $6,000–$15,000 due at closing. Understanding each line item helps you negotiate, shop competing lenders, and avoid surprise charges on the day you sign.

Fees You Can Negotiate or Shop

Origination fee: The lender's markup for processing your loan. Typically 0.5%–1% of the loan balance. Ask competing lenders to match or beat each other's origination fee — this is the most negotiable item on the sheet.
Title insurance: Required, but you can shop third-party providers in most states. Prices vary widely — the CFPB estimates you can save $500–$1,500 by comparing title companies.
Settlement/attorney fee: Varies by state and provider. In attorney-closing states (FL, NY, GA, SC, NC, etc.), this fee is required but still shopable.

Fixed Fees You Cannot Negotiate

County recording fees, transfer taxes (where applicable), and credit report fees are set by third parties. They're typically small ($30–$200 total) but non-negotiable.

Rolling Costs Into the Loan vs. Paying Upfront

Many lenders allow you to roll closing costs into the new loan balance, eliminating any out-of-pocket expense. The trade-off: you pay interest on those costs for the life of the loan. On $7,500 in closing costs rolled into a 30-year loan at 6.75%, you'll ultimately pay about $18,000 total for those costs. Use the break-even calculator to compare both approaches with your actual numbers.

Once you have your cost estimate, plug the total into our main mortgage refinance calculator to see your break-even point and lifetime savings in context.

Closing Costs FAQ

What are typical refinance closing costs in the US?

Average refinance closing costs in the US run about $2,000–$5,000 in lender fees, plus $1,000–$3,000 in third-party fees (title, appraisal, recording). The total typically falls between 2%–5% of the loan amount. According to ClosingCorp data, the average refinance closing cost in 2023 was approximately $2,375 excluding taxes and insurance escrows — lower than a purchase because no real estate agent fees are involved.

Can I refinance with no closing costs?

Yes — many lenders offer "no-closing-cost" refinances where fees are either rolled into the loan balance or offset by a slightly higher interest rate (typically 0.125%–0.375% above the par rate). Neither option is truly free; both cost more over time. The no-closing-cost option makes most sense when you're uncertain how long you'll stay in the home, since you avoid the upfront expense and risk of not reaching break-even.

Are refinance closing costs tax deductible?

In general, refinance closing costs are not immediately deductible. However, mortgage points (discount points) paid on a refinance are deductible over the life of the loan rather than in the year paid. Points paid to lower the rate on a cash-out refinance for home improvements may be partly deductible. Always consult a tax professional for your specific situation — mortgage deductibility rules changed significantly after the 2017 Tax Cuts and Jobs Act.

How do I get a Loan Estimate?

Lenders are required by law (RESPA) to provide a standardized Loan Estimate within three business days of receiving your completed application. The Loan Estimate itemizes every closing cost in a standard format, making it easy to compare across lenders. You should apply to at least two or three lenders and compare Loan Estimates side by side. The Consumer Financial Protection Bureau has a free Loan Estimate explainer at consumerfinance.gov. See our guide to getting a lower mortgage rate for tips on shopping lenders effectively.

Last updated: May 2026

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