refinance closing cost to borrower
According to Bankrateâs 2017 Closing Costs Survey, the origination and third-party fees on a $200,000 mortgage cost an average of $2,084. No-closing-cost mortgages are attractive to borrowers who donât have the cash to pay fees upfront. Waiving the closing costs may be the ticket to getting a mortgage for a new home or a refinance. If you donât plan to stay in your home for more than five years, a no-closing-cost mortgage also makes sense.