Model refinance costs using lender, title, and escrow inputs. See totals instantly. Export a clean breakdown for closing day planning.
| Loan | Origination | Points | Prepaid days | Escrow months | Total costs |
|---|---|---|---|---|---|
| $250,000 | 1.0% | 0.0% | 10 | 3 | $6,900 |
| $350,000 | 1.0% | 0.5% | 15 | 3 | $9,700 |
| $500,000 | 0.5% | 1.0% | 20 | 4 | $13,850 |
Refinance closing costs usually scale with the loan amount because several charges are percentage based. Origination and discount points are calculated on principal, so a 1.0% fee on 350,000 equals 3,500. Fixed fees, like underwriting or recording, matter more on smaller balances, raising the effective cost percentage.
Discount points increase upfront cash to close but can reduce the interest rate. This calculator treats points as a direct cost: loan amount multiplied by points percent. To judge value, compare the monthly payment savings from a lower rate against the points paid, considering how long you plan to keep the loan. If you expect to refinance again soon, paying points can be inefficient even when the quoted rate looks attractive.
Prepaid interest covers the days from closing until month end. The estimate uses a daily rate of APR divided by 365, then multiplies by principal and prepaid days. If you close near month end, prepaid interest is small. If you close early, prepaid interest rises noticeably. Because lenders can compute interest on a slightly different daily basis, treat this line as a planning estimate.
Escrow deposits fund upcoming tax and insurance bills. The calculator converts annual property tax and annual insurance into monthly amounts, then multiplies by the chosen escrow months. This deposit is not a fee; it is your money held to pay future obligations, so it changes liquidity at closing. When your prior escrow is refunded, that refund can offset the new deposit, so timing between loans can matter.
Different lenders can quote similar rates but very different fee mixes. Use the fee breakdown to spot negotiable items, like origination, underwriting, and points. Third party charges, such as appraisal and title services, vary by region and provider. Recording fees and transfer taxes are typically set by local authorities and are harder to change. Export the table to share a consistent comparison across multiple offers.
Origination, underwriting, processing, and discount points are commonly set by the lender. These items can often be reduced through rate shopping, lender credits, or negotiating points and lender fees.
Most refinances collect interest from the closing date through the end of that month. This amount is separate from your first full monthly payment, so including it helps estimate true cash needed at closing.
No. Escrow deposits are funds set aside to pay future taxes and insurance. They affect cash to close, but they are not a charge you lose, and prior escrow refunds may offset them.
They are reasonable placeholders, but real costs depend on property location, loan type, and provider pricing. Use the numbers from written quotes when possible and update the inputs before relying on the total.
In many areas transfer taxes are zero for refinances, but rules vary. If your local authority charges a refinance tax or stamp duty, enter it as a percent to include it in the estimate.
Compare totals and also compare the mix: points versus rate, lender fees versus credits, and escrow assumptions. Use the CSV or PDF export to line up items side by side using consistent categories.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.