Refinancing Closing Cost Calculator


Planning to refinance your mortgage? It’s crucial to estimate the closing costs involved. Use our Refinancing Closing Cost Calculator to quickly determine the potential closing costs based on your loan amount, interest rate, loan term, and closing cost percentage.


The estimated closing costs are calculated using the following formula: Estimated Closing Costs=Loan Amount×(Closing Cost Percentage100)Estimated Closing Costs=Loan Amount×(100Closing Cost Percentage​)

How to Use

  1. Enter the loan amount in dollars.
  2. Input the interest rate for the refinanced loan.
  3. Specify the loan term in years.
  4. Enter the closing cost percentage.
  5. Click the “Calculate” button to get an estimate of the closing costs.


Suppose you are refinancing a mortgage with a loan amount of $200,000, an interest rate of 3.5%, a loan term of 15 years, and closing costs estimated at 2.5% of the loan amount. Using the Refinancing Closing Cost Calculator, the estimated closing costs would be $200,000 \times \left( \frac{2.5}{100} \right) = $5,000.


  1. Q: What are closing costs in a refinance? A: Closing costs are fees associated with finalizing a mortgage refinance, including appraisal fees, title insurance, and lender charges.
  2. Q: Can closing costs be rolled into the loan? A: In some cases, closing costs can be rolled into the refinanced loan, but this may affect the overall loan amount and monthly payments.
  3. Q: Are closing costs different for every lender? A: Yes, closing costs can vary among lenders, so it’s advisable to compare quotes from different lenders.
  4. Q: Does the calculator include property taxes or insurance costs? A: No, the calculator focuses on estimating basic closing costs and does not include property taxes or insurance.
  5. Q: How can I reduce closing costs? A: Negotiate with your lender, shop around for third-party services, and consider lender credits to potentially reduce closing costs.


The Refinancing Closing Cost Calculator simplifies the process of estimating closing costs, helping you make informed decisions when refinancing your mortgage. By understanding the potential costs involved, you can better plan and budget for your refinancing journey.

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