Calculator
Refinance Break-Even Calculator
See how long it takes to recoup refinance costs from monthly savings.
Break-even
18.9 months
(~1.6 years to recoup costs)
- Current payment (P&I)
- $2,183
- New payment (P&I)
- $1,944
- Monthly savings
- $239
- Total savings over remaining term
- $2,813
Assumptions
Compares keeping your current loan against refinancing into a new term at the example rate. Extending the term may lower payments but increase total interest. Discuss your scenario.
Important
- Results are estimates only, not a loan approval, commitment to lend, or Loan Estimate.
- Taxes, insurance, and other costs vary by location and transaction.
- Rates and program terms are illustrative and depend on your full scenario.
- A licensed mortgage professional must review your complete situation.
- This tool does not collect or store any personal data.