Refinance Break-Even Calculator

See exactly how many months it takes to recover your closing costs and if refinancing really pays off.

Remaining Loan Balance ($)

Current Monthly Payment ($)

New Interest Rate (%)

New Term (Years)

Refinance Closing Costs ($)

Break-Even Point

20 Months

Time required to recover closing costs through monthly savings

New Monthly Payment: $2,217/mo

Monthly Cash Savings: $233/mo