refinance

Average Mortgage Refinance Cost 2026: Fees & Data

Average Mortgage Refinance Cost in 2026 The average mortgage refinance cost in 2026 is about $5,000, or roughly 2% to 5% of the loan amount — which works out to about $4,000 to $10,000 on a $200,000 mortgage. Lender fees, the appraisal, title insurance, and prepaid escrow items make up the bulk of that figure. Run your own numbers in the Mortgage Refinance Calculator(/finance/mortgage-refinance-calculator) to see your exact cost, monthly savings, and break-even month. A 2021 refinance of a $280,000 balance from 4.25% down to 2.875% cost $4,900 in closing costs. That move cut the payment by $214 a month, breaking even in 23 months ($4,900 divided by $214). The lesson holds broadly: the headline rate is the easy part — the closing cost and how long you stay in the home decide whether a refinance actually makes you money. This is a data and benchmark page, not the calculator...