Your home loan refinance costs could include: An internal loan switching fee if your current lender offers you a better deal A break fee if you’re changing from a fixed rate to a variable rate with your current lender A loan discharge fee (e.g. $350) if you’re terminating your current loan A loan application/establishment fee (e.g. $600) if you apply for a loan with a new lender A new Lenders’ Mortgage Insurance (LMI) policy premium (e.g. equal to 1.5% or more of your mortgage amount, or around $6,000 on a $400,000 mortgage) if your equity in your property is less than 20%, but try asking your current lender for a refund of a portion of any LMI premium you may have already paid Stamp duty to register the new loan, which varies depending on which state you live in but is likely to be between $100 and $200