Refinancing / Costs

Cost guide

What does it cost to refinance?

A refinance should be judged after costs, not just on the headline rate. CredQ helps you compare the true benefit before you move.

Review My Costs

Common refinance costs

  • Existing lender discharge or settlement fees
  • Government mortgage registration and discharge charges
  • New lender application, package or settlement fees
  • Valuation fees where the lender passes them on
  • Fixed-rate break costs if you exit a fixed loan early

The break-even test

Compare your upfront and ongoing refinance costs against your monthly savings. If the savings repay the costs within a sensible timeframe and the loan supports your goals, refinancing may be worth considering.

Cashback offers

Some lenders offer refinance cashback promotions. They can help offset costs, but the rate, fees, loan features and policy fit still matter more than the promotion alone.

View current cashback information

Costs are different for every borrower

Your loan size, lender, fixed-rate status, property state and purpose affect the final cost. CredQ reviews these details before recommending a refinance.