Fees associated with a mortgage refinance vary considerably, depending on your unique circumstances. Mortgage Prepayment Penalty Unless your current mortgage is fully open or is exactly at the renewal date, your lender will charge you a prepayment penalty as you leave. Legal fees and disbursements All mortgage refinances require the use of real estate lawyers. If your new mortgage is with a private lender, you will be expected to pay for your own lawyer as well as the lender’s lawyer. Lender and brokerage fees If you are refinancing with an A-lender there should be no brokerage or lender fees charged, but if your new mortgage is with an alternative lender you will be charged such fees. This will give you an idea https://askross.ca/what-does-a-private-mortgage-cost/ Appraisal costs An appraisal costs from a few hundred dollars to well over $1,000. The cost depends on location, value and urgency - a rush job will cost more.