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Refinance Loan Amount, Points, and Costs Financed

This is a 30-year, 2.75% fixed rate refinance with Better Mortgage. When I requested an updated loan estimate to not finance any costs (paid from loan amount), the points increased substantially. Is this legitimate due to Better’s lost interest payments or some other reason?

Here are the scenarios:

1: Loan Amount = $200,028. Points = $1,222. Closing Costs Financed = $2,549.

Note: Better initially estimated this loan amount with $400 financed and the same points. This is the updated estimate after getting a payoff statement from my current mortgage company.

2: Loan Amount = $197,478. Points = $2,328. Closing Costs Financed = $0.

Thanks!

submitted by /u/bra34b
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source https://www.reddit.com/r/RealEstate/comments/oa684d/refinance_loan_amount_points_and_costs_financed/
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