closing costs on refi

[John Montgomery]

Hi BP,

I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going through Quicken Loans and they are charging us 2 points on a $280k loan with a total closing cost of $13,300. I'm happing with the monthly savings but wondering if I should shop around and try to find it for cheaper. Any advice would be much appreciated.

[Chris Mason]

Originally posted by @John Montgomery:

Hi BP,

I'm refinancing my mortgage and am wondering if the closing costs seem reasonable. We are going from a 4.25% to a 3.37% interest rate and will be saving about $150 per month, so that seems nice. We're going through Quicken Loans and they are charging us 2 points on a $280k loan with a total closing cost of $13,300. I'm happing with the monthly savings but wondering if I should shop around and try to find it for cheaper. Any advice would be much appreciated.

 The 2 points is to sponsor the super bowl. Up to you if you want to roll a super bowl into your personal mortgage.