For refinance loans that are not VA or FHA, there will be an additional half percentage point charged on each loan. For the average loan this will cost about $1,400.00 more. Borrowers don’t have to pay the new fee upfront, but they can add it into the loan amount, resulting in a small monthly increase over the life of the loan. This new fee has been imposed by Fannie Mae and Freddie Mac beginning September 1. Lenders and NAR have expressed their disappointment with this.