Filo Mortgage offers low rates without charging points or lender fees.  There are third-party fees such as title insurance and taxes that can contribute to closing costs. You do have the option to avoid paying for closing costs upfront by rolling them into your new loan.  You can also obtain a lender credit by taking a slightly higher rate to offset some or all of the closing costs.  If you decide to roll the third-party fees into your loan, your mortgage payments can be higher and increase the total cost of the new mortgage. However, this is a popular option with borrowers to avoid paying any costs upfront.