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Refinance Break-Even Calculator

Find when refinancing pays off — monthly savings vs closing costs on your mortgage.

Current Loan Balance ($)

Current Interest Rate (%) (%)

Remaining Term (years)

New Interest Rate (%) (%)

New Loan Term (years)

Closing Costs ($)

Current Monthly Payment

$2,882.94

New Monthly Payment

$2,528.27

Monthly Savings

$354.66

Break-Even Point

23 months

Total Interest Saved

$23,893.10

Typical closing costs: 2–5% of loan amount. Break-even = closing costs ÷ monthly savings.

Typical closing costs: 2–5% of loan amount. Break-even = closing costs ÷ monthly savings.