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Refinance break-even calculator
Know whether the refinance actually pays you back.
Compare your current principal-and-interest payment with a new loan scenario, then see how long monthly savings may take to recover refinance costs.
These calculators are for education and planning only. They are not a loan estimate, approval, commitment to lend, rate quote, or offer to enter into an agreement. Final qualification, pricing, taxes, insurance, HOA dues, PMI, credits, and cash-to-close depend on the full application, property, credit, program, and underwriting review.
Break-even point
1y 8m
Based on monthly principal-and-interest savings.
Current P&I payment
$2,959
New P&I payment
$2,617
Monthly savings
$342
New loan amount
$425,000
5-year savings after costs
$14,012
Before taxes, insurance, and program-specific changes
Want the real answer?
Have Tara's team pressure-test your refinance math.
Send the numbers before you write an offer, renew a lease, or refinance. We'll help you turn calculator math into a mortgage strategy.