A refinance is not a cheaper purchase.
Enter your numbersEnter your new loan amount. Add lender charges if you have them.
Your numbers
About these inputs
Uses our published base estimate. Enter your quoted fee if different.
What you’re borrowing, not what the house is worth. The lender’s policy is priced off this.
Only used to show the conveyance tax you’re not paying. Leave it blank and we’ll leave that line out.
Enter lender and appraisal charges from your Loan Estimate. Leave out title, recording, and attorney fees already calculated here.
What closing the refinance costs
Enter your new loan amount to see the costs
The lender’s policy, the recording fee, and the attorney fee, on real Connecticut figures.
Lender charges are not included. Enter those charges separately, leaving out title, recording, and attorney fees already shown here.
Above $5,000,000 we don’t publish an estimate. Give us a call and we’ll work it out properly.
Details and assumptions
Refinancing a home you live in? Federal law gives you three business days after signing to cancel, and the loan does not fund until that window closes. Expect the money to move a few days after the table, not the same afternoon.
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This calculator needs JavaScript. The four costs below are the same ones it adds up.
These calculators produce estimates for general information, not legal advice. Every transaction is different. Reach out to talk through yours.
About this estimate
Uses our published base attorney fee estimate unless you enter a different amount; your actual quote may differ. Connecticut one-to-four-family residential refinance estimate. Uses CATIC standard residential refinance premiums. Recording assumes an 18-page MERS or nominee mortgage; an ordinary mortgage or different page count changes the fee. Excludes endorsements, closing protection letters, title rundown/search, mortgage discharge recording, prepaid interest, taxes, insurance and escrow deposits. Lender charges are included only when entered. Your settlement statement gives the final figures. General information, not legal advice. Every transaction is different. Contact Mancuso Carey to discuss your closing.
Three costs a refinance simply doesn’t have.
A refinance has a different mix of costs from a purchase. Start with the new loan amount and the charges on your Loan Estimate.
Connecticut taxes the transfer of ownership. A refinance changes who holds the mortgage, not who holds the property, so there is nothing to tax. The estimate therefore includes no conveyance tax.
The owner’s policy you bought at closing stays in force for as long as you hold an interest in the property. It does not expire with the mortgage and it does not need buying again. Your lender will require a new lender’s policy, because the old one insured a loan that is being paid off, but that one protects the lender.
No deed is drafted and none is recorded, because ownership is not moving. The estimate includes recording the new mortgage. Recording a release of the old mortgage may add a separate charge.
Questions people ask before refinancing.
How much does it cost to refinance in Connecticut?
The costs depend on the loan and the transaction. A refinance pays a new lender’s title policy priced off the new loan, the recording fee for the new mortgage, and an attorney fee. This calculator starts with a published $950 base estimate; enter your quoted fee if different. There is no conveyance tax and no deed to record. Lender charges sit on top and vary more by lender than by anything else, which is why the calculator leaves them to you.
Do you pay conveyance tax on a refinance?
No. The tax is triggered by a transfer of ownership, and a refinance transfers nothing. If you want to see what you are not paying, put your property value into the calculator and it will show you the figure.
Do I need a new owner’s title insurance policy?
No. Yours is still in force and stays that way for as long as you hold an interest in the property. Only the lender’s policy is reissued, and only because the loan it insured is being paid off.
How long until the money actually moves?
On a refinance of a home you live in, federal law gives you three business days after signing to cancel, and the loan cannot fund until that window closes. The signing is quick; the funding is a few days behind it. We confirm wire instructions with you directly before any funds move.