Refinancing

Costs associated with refinancing can be divided into three different categories:

lender fees – which may include origination, application, points, appraisal, and credit report services;

third-party fees – these vary according to the state and the specific company with whom you choose to close your loan and may include fees for closing, title insurance, title exam, and recording; and pre-paid items - these are items taken at the time of closing but are not usually considered costs. These include items you paid for whether or not you refinance (for example taxes, interest, and hazard insurance).