refinance rates no closing cost

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1. – Option A is a no cost loan with a rate of 6.25% and a payment of $1,847 compared to option B, a zero point loan with base non-recurring closing costs of $2,800 and a rate of 6.00% and a monthly payment of $1,799.

   No Closing Cost Refinance : Reduce Your Rate Without The Fees. – If you’re one of these two types of homeowners, it may be ideal not to pay thousands of dollars in closing costs, but still save on your monthly payment with a lower interest rate. For example, let’s say you are refinancing a mortgage balance of $200,000 and your lender’s closing costs are $3,000.