Calculators are provided for education and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. Please consult your mortgage, financial or tax advisor regarding your unique situation. These default values are based on estimates of the national averages and may differ based on location of the subject property. Please consult your mortgage, financial or tax advisor regarding your unique situation.
Mortgage Refinance Costs Calculator
Estimate the cost of refinancing your mortgage loan.
How Much Does It Cost to Refinance My Mortgage?
This calculator helps you get a general estimate. For a more personalized experience for your specific budget, try our Home Insight© Planner.
Calculators are provided for educational and informational purposes only. Estimates and other information generated is deemed reliable, but is not guaranteed.
Check PNC's Current Mortgage Rates
FAQ
You’ll enter your loan information – purchase price, down payment as a percentage or dollar amount, term and interest rate.
You can also expand Taxes & Insurance, Origination Fees and Other Settlement Services and enter any amounts you know.
From your information, the calculator will tell you your total estimated refinancing costs, what portion is adjusted origination charges and what portion is other settlement charges.
You can click Payment to see a breakdown of each payment into Principal & Interest, Taxes & Insurance and private mortgage insurance (PMI).
Refinancing costs or closing costs are the fees and expenses you’ll need to pay when you refinance.
On average, closing costs to refinance are between 2-5% of the loan amount.
You’ll most likely pay refinancing costs at the time of refinancing.
You may have the option to include the cost in your new loan amount – this will cost more in the long run, as you pay interest on the closing costs, but is an option if you want to avoid upfront costs.
Mortgage rates can change daily. Check current mortgage rates.
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Have Questions?
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Refinancing at a longer repayment term may lower your mortgage payment, but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your mortgage payment, but may lower the total interest paid over the life of the loan. Contact us to discuss the option that best meets your needs.
Borrower must satisfy pre-approval conditions outlined in commitment letter. Final loan approval and amount are subject to verification of loan data, property appraisal and underwriting conditions.
PNC, PNC HomeHQ, PNC Home Insight and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has a pending patent application directed at various features and functions of Home Insight® Planner. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
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