How Much Does a Refinance Appraisal Cost?
A refinance appraisal costs $300–$600, the same as a purchase appraisal. Some lenders offer appraisal waivers for low LTV refinances. The appraiser determines current market value to ensure the loan-to-value ratio meets lender requirements.
Cost Breakdown
| Service | Low | High | Notes |
|---|---|---|---|
| Standard refinance appraisal | $300 | $600 | — |
| FHA streamline (may waive) | $0 | $500 | — |
| Desktop/drive-by appraisal | $150 | $300 | — |
| Appraisal waiver | $0 | $0 | Low LTV only |
| Rebuttal/review | $200 | $400 | If value disputed |
How Much Does a Refinance Appraisal Cost?
A refinance appraisal costs $300–$600, the same as a purchase appraisal. Some lenders offer appraisal waivers for low LTV refinances. The appraiser determines current market value to ensure the loan-to-value ratio meets lender requirements.
Related Questions
How can I save money on appraiser?
Get 3+ quotes, schedule during off-peak seasons, bundle projects, and ask about discounts for cash or military.
Should I get multiple appraiser quotes?
Yes, always get 2-3 quotes to compare pricing, scope, and professionalism. The cheapest bid isn't always the best value.
What should I look for when hiring for appraiser?
Check licensing, insurance, reviews, BBB rating, and ask for references. Get everything in writing before work begins.