$17K To Refinance South Central Oklahoma. Are tehseReasonable?

[Nandy B.]

I haven’t refinanced a property in a while, so I’d love some perspective.

I'm looking into a refinance for a property located in South Central Oklahoma. The lender fees, title charges, and overall closing costs feel higher than I remember. I know rates have shifted and market conditions are different in 2025—but I want to make sure I’m not overpaying or missing something.

Has anyone refinanced recently in Oklahoma?
What were your total costs and experiences like?

Any insight would be appreciated before I move forward!

[Stephanie Medellin]

In California, our refinance title fees are often much less on refinances (compared to purchases), but I can't speak to what's customary in Oklahoma.  You could talk to your lender about shopping for title quotes.

If you are refinancing an FHA mortgage, you may be able to get a partial refund of your previous upfront mortgage insurance premium depending on when your previous loan was taken out. The longer it has been, the less you will get back, but that may offset some of the new premium. If you don't currently have an FHA loan, then there would be no refund.

If you currently have an escrow account for taxes and insurance, you will also get a refund of any money in that account after closing.

Some fees on loan estimates can be overestimated - we don't want to leave anything out - but not all fees will be charged in the end.  Your lender fee is $995 after the credit is taken into account, which is very reasonable.  Everything else is third party fees.