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Mortgage Glossary

Refinance Closing Costs

Mike Starr·Reviewed August 2026

Refinance closing costs are the fees paid when replacing an existing mortgage with a new loan, typically ranging from 2% to 5% of the loan amount. They include lender origination fees, appraisal, title insurance, recording fees, and prepaid expenses. These costs must be weighed against the expected monthly savings to determine the break-even point of a refinance.