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Refinance Break-Even Calculator

Mortgage clients refinance their mortgage for various reasons.

They may want to lower their interest rate or loan term – That can save you thousands of dollars over the life of the loan.

Others may use the equity from their home for a home improvement project, consolidate debt or to pay for school tuition.

There are usually some costs associated with a refinance. This calculator can help illustrate the costs and benefits and just how long it’ll take before you break even.

Refinance Break-Even Calculator

Break-even point
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Monthly savings
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Current payment
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New payment
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Estimates for illustration only. Actual terms depend on the lender, your credit and current market rates.