Refinancing costs with lenders vary and typically include underwriting, appraisal fees, title fees, credit report, processing, doc prep, funding, wire transfer, and origination fees, and average between 2% to 5% of the loan amount.

Using Upwell Mortgage, you only pay an Admin Fee ($1,295) and appraisal fee (typically $675 if one is required) so you always know exactly what to expect. If you have enough equity in your home, the fees can even be included in your new loan. And in many cases, your closing costs can be paid for by us.

Refinancing your existing mortgage can provide many benefits, including a lower interest rate, shorter repayment term, and more manageable monthly payments. Calculate your potential refinance break-even point using our Refinance calculator.