Closing costs for refinances

Looking to lower your interest rate and monthly payment, build equity or consolidate debt? Refinancing may be a viable option.

When a homeowner refinances a home loan, the lender will take steps to pay off the initial loan and fund a new one. Therefore a new lender's title insurance policy must be issued.

READ THIS: Reasons to refinance

Settlement fees

Homeowners who are refinancing can also save on closing costs by comparing title fees.

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Title insurance premiums

Review these charts to calculate your title insurance premium manually.

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Transfer / Recordation

Explore taxes you'll be expected to pay at closing in the District of Columbia, Maryland and Virginia.

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