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Updated almost 5 years ago,

User Stats

52
Posts
37
Votes
John Montgomery
37
Votes |
52
Posts

closing costs on refi

John Montgomery
Posted

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.

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