What is the cost of getting a mortgage loan?

Costs and fees can vary depending upon mortgage lender policies and certain of the choices you make when you get your loan. For planning purposes, you should figure on 2% to 4% of the loan amount as a working figure, but total out-of-pocket expenses for funding escrow accounts and buying needed insurance policies can push that figure higher. If you're refinancing, you can finance those costs in a couple of different ways.