– Florida’s top-rated mortgage broker offering Florida’s best mortgage rates and no closing cost options. Close in as little as 14 days.
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Is a No Closing Cost Refinance Right For You? | LendingTree – No Cost Refinance Disadvantages. If the costs are absorbed by the lender collecting a higher rate, there are obviously higher interest costs. For the example above, the no-cost loan saves $100 a month instead of $200. Over a five year period, then, the no-cost loan costs $6,000 more (60 months * $100), but saves $4,500 in closing charges.