So maybe I didn't communicate this correctly. If you're simply refinancing as in getting another loan at a lower interest rate for the remaining principle of yo

So maybe I didn't communicate this correctly. If you're simply refinancing as in getting another loan at a lower interest rate for the remaining principle of your current loan that's not very expensive. Unfortunately that's not what most people do. When they refinance a house they want to get it appraised for its current market value and get a new loan at the current market value for another 30 years at the lower rate. This gives them cash to consolidate other debts or do home improvements or all kinds of other things. That kind of refinancing is very common here in the USA and it is considerably more expensive. It is effectively all of the loan origination costs you get when you're buying the house.