Finance Calculators
Refinance Break-Even
Find how long it takes for refinance savings to cover closing costs.
Loan details
Enter your current loan, new loan terms, and closing costs.
Current loan
USD
%
yrs
New loan
%
yrs
Closing costs
USD
Break-even summary
See how long it takes for monthly savings to cover closing costs.
Current monthly payment
$2,120.34 /mo
Paid upfront
Break-even point
1 yr 3 mo
You save $416.97 per month on your payment.
New loan balance$300,000.00
New monthly payment$1,703.37
Monthly savings$416.97
Rolled into loan
Break-even point
1 yr 4 mo
You save $382.90 per month on your payment.
New loan balance$306,000.00
New monthly payment$1,737.43
Monthly savings$382.90