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Conventional Rate-and-Term Refinance Lender Fees
When people search for conventional refinance closing costs, the number the lender controls is the Section A total on the Loan Estimate. This page reports that total for 221,821 conventional rate-and-term refinances in the HMDA 2024 data. Cash-out refinances are a separate purpose code in HMDA with their own distribution, and they are kept off this page so the two are never mixed.
Source: HMDA public loan data, 2024, national, conventional rate-and-term refinance, Section A total, points included.
Conventional rate-and-term refinances, Section A total, HMDA 2024 data
| Loan size | 25th percentile | Median | 75th percentile | Loans |
|---|---|---|---|---|
| Under $150,000 | $292 | $1,250 | $2,848 | 42,145 |
| $150,000 to under $300,000 | $1,125 | $2,399 | $4,941 | 61,906 |
| $300,000 to under $500,000 | $1,190 | $2,302 | $5,978 | 56,527 |
| $500,000 and up | $1,110 | $1,640 | $5,785 | 61,881 |
| All sizes | $995 | $1,805 | $4,717 | 221,821 |
Source: HMDA public loan data, 2024, national, conventional rate-and-term refinance, Section A total, points included. Slide the table sideways to see every column.
The middle half of each band sits between its 25th and 75th percentile. Treat that span as the typical range for your loan size.
Conventional rate-and-term refinances, Section A total, HMDA 2024 data25th to 75th percentile, median marked
Typical range, 25th to 75th percentileMedianIllustrative total from the worked reading
How HMDA decides what is rate-and-term
HMDA defines a refinancing as a new dwelling-secured loan that satisfies and replaces an existing one by the same borrower. It then asks the lender to flag the loan as cash-out if the lender treated it as cash-out under its own or its investor's guidelines when it priced or approved the loan. Everything flagged refinancing and not cash-out lands in this table. The record does not carry a field for how much, if anything, the borrower took out, so the split follows the lender's classification rather than a dollar test.
Two patterns the table shows without explaining
Two features of this table stand out. Under $150,000, the 25th percentile is $292, well under the $1,110 to $1,190 seen in the other three bands. And the median for loans of $500,000 and up, at $1,640, sits below the $2,399 median of the $150,000 to under $300,000 band. The record reports both patterns without a reason, and this page reports them the same way. Whatever the cause, the 75th percentile still grows with loan size, ending at $5,785 for the largest loans.
What a conventional refinance carries outside Section A
There is no upfront government premium on a conventional loan, so Section B has no FHA-style upfront premium and no VA-style funding fee. Pricing adjustments do exist. Fannie Mae and Freddie Mac publish loan-level price adjustment grids that respond to credit score, equity, occupancy, property type and purpose, with refinance purpose among the inputs. Those adjustments are not disclosed as a fee. They reach you either in the rate or as points in Section A, so two refinances with identical fee lines can carry different totals because of how the adjustment was taken.
Refinance figures from the rest of the record
Conventional purchase loans had an all-sizes median of $2,075 in the same HMDA 2024 data, and conventional cash-out refinances $3,828, against $1,805 for the rate-and-term loans on this page. Among rate-and-term refinances in the other programs, the FHA median was $950 with a 25th percentile of $0, and the VA median was $2,755.
A worked reading
Picture a $180,000 conventional rate-and-term refinance with these illustrative Section A lines: origination fee $2,250, points $1,800, underwriting $695 and processing $495. The Section A total comes to $5,240.
The loan is in the $150,000 to under $300,000 band, with a typical range of $1,125 to $4,941. A total of $5,240 is above the typical range for that band. The reading applies to the total with points inside it. A loan that paid points for a lower rate sits higher in the table by design, so the rate belongs in the same reading.
Common questions
Does the Section A total include paying off my current mortgage?
No. The payoff of the existing loan is handled in the Calculating Cash to Close section and on the Closing Disclosure's payoff lines, well away from Section A. Section A is only what the new lender charges to originate the new loan.
I am taking a small amount of cash at closing. Is my loan in this table?
That depends on how your lender classified it for HMDA. If the lender treated the loan as cash-out under its guidelines, it is reported as cash-out and belongs to the cash-out distribution. The dollar amount alone does not decide it.
Why do the figures include points when a refinance may or may not pay them?
Because HMDA reports one Section A total per loan, with points inside it. A table that removed points could not be rebuilt from the public data, so this one matches the source.
Reading your refinance against the range
The inspection takes your Loan Estimate, confirms purpose and loan size, and grades your Section A total and your rate against this same data. The method is published at /methodology.
Reviewed on October 2026.
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Sources
- FFIEC, HMDA Loan Application Register, 2024 data year: https://ffiec.cfpb.gov/data-publication/ (LoanInspection percentiles at /data/mortgage-fees)
- 12 CFR 1003.2(p) and comment 2(p)-1 (definition of refinancing): https://www.consumerfinance.gov/rules-policy/regulations/1003/2/
- 12 CFR 1003.4(a)(3) and its official interpretation (cash-out refinancing follows the institution's or investor's guidelines): https://www.consumerfinance.gov/rules-policy/regulations/1003/4/
- 12 CFR 1003.4(a)(18) (HMDA origination charges, borrower-paid Section A total): same page
- LoanInspection methodology (Fannie Mae and Freddie Mac LLPA matrices, checked against the published source): /methodology