How much will it cost me to refinance?

Typically the borrower will have to pay for the appraisal which will cost around $350. All other costs such as processing application, organization points, the fees, etc are included in the loan. The fees will generally be 3% - 7% of the loan amount. It could be lower than 3% if you have perfect credit or if you wish to pay a higher interest rate to cut the costs.