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Average closing costs when refinancing your mortgage. The closing costs on a mortgage refinance for a single-family home averaged $2,375 in 2021, according to ClosingCorp.
The average closing costs on a refinance are about $5,000, according to Freddie Mac. In general, you can expect to pay anywhere from 2 percent to 5 percent of the loan principal in these fees.
The average closing costs for a refinance came in at $2,375. However, those costs vary widely across the country partly due to tax differences. For example, homebuyers in Washington, D.C. paid the ...
No-closing cost refinance: ... In 2021, the average refinance on a single-family home ran less than 1 percent of the loan amount, $2,375, according to ClosingCorp.
Refinancing comes with closing costs. The average refinance closing costs total around $5,000, according to Freddie Mac, and can include: Appraisal fee. Loan origination fee. Credit report fee.
You’ll also pay closing costs when you refinance your mortgage. Those costs, however, tend to be much lower: an average of $2,375 in 2021, according to ClosingCorp.
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