What does break-even mean?
Simple break-even divides estimated refinance costs by estimated monthly savings. A complete comparison also considers the new loan term, principal balance, cash received, and how long you expect to keep the loan.
Mortgage refinance break-even calculator
Measure a refinance against the time you expect to keep it.
Compare current and proposed mortgage payments, estimated closing costs, remaining balance, simple break-even time, and your planned stay.
Refi calculator
Refinance break-even
Compare payments, break-even timing, remaining balance, and planned stay.
Your estimate
Estimated monthly changeSave $270
Simple break-even25 months
Estimated position at planned exit$13,517Cash-flow savings plus remaining-balance difference
Want a human to check the assumptions and show the real loan options?
Review this scenarioIs a lower rate always a better refinance?
No. Fees, term reset, mortgage insurance, cash flow, equity, and your goal can outweigh the headline rate.