Refinance Break-Even Calculator
Free refinance break-even calculator — enter closing costs and old vs new payment to see how many months to break even.
Runs in your browser — your loan balance and payment figures stay on this pageTry: Total closing costs=6000, Current monthly payment=1800, New monthly payment=1500 → $300, 20 mo, 1.67 yr, $108,000
How to use
Enter your total refinance closing costs, your current monthly payment and your new monthly payment. The calculator shows how many months until you recover the costs.
FAQ
What is a refinance break-even point?
It is how long it takes for your monthly savings to repay the closing costs. After that point, the refinance starts putting money in your pocket.
Why do closing costs matter?
Even a lower rate costs money upfront (fees, appraisal, title). If you sell or refinance again before breaking even, you may lose that money.
Is a lower rate always worth it?
Not always. A small rate drop with high fees can take many years to pay back. This calculator shows the months so you can decide.