No-closing-cost refi in TX - does such a thing exist?

Howdy, I am hoping someone would be kind enough to shed some light on this for me.

I am looking to refinance my existing 15-yr mortgage to take advantage of the currently low interest rates. The loan was $100K, with $75K remaining. Rate at 5.75%. Excellent credit, approx. $50K equity. There is a good chance we will move (and sell the house) in about two years. So in order for the refi to make sense, it would have to be very low closing cost. The lowest closing cost estimate I have received so far is $1400 from PenFed for their 5/5 ARM at 4.5% or so. The biggest chunk there seemed to be the title ins at $800.

Is there any way to get a better deal on closing costs, or is this just the way it is, and it's not worth bothering with the refi?

Thanks much!

You should be able to get no closing costs anywhere. You just have to take a higher rate that rebates points to you. It's very similar to the reverse when borrowers pay extra upfront costs to get a lower rate.

Ask PenFed if they have rebate point options and shop around if they don't.

iirc penfed has 20 yr equity for 4.99% no cost. If you are VERY sure about short term move a HELOC maybe cheaper as rates are projected to stay low for a while