A review of mortgage
$2000 to $3000 for a basic refinance is common, but it could be higher. When you know the exact total for your refinance, divide it by the difference between what your currently pay per month and what you will pay per month after refinancing. The result is the period, in months, that it will take you to break even after you have completed the refinance. For example, if you are currently paying $1200, your future payments would be $1000, and the refinance would cost $2200 in fees and taxes, you will break even in 11 months. After that, you would start seeing savings from your new mortgage.