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Refinance break-even calculator
Compare your current payment with a refinanced payment and see how long it takes to recover the closing costs.
Break-even is closing costs divided by the monthly saving. It answers only one question — how long until the fees are recovered — and deliberately ignores whether a longer term costs more in total interest. Compare the total interest of the old and new schedules before deciding; extending a term can lower the payment while raising the total cost.
This calculator is an estimate, not an offer, a quote, or financial advice. We are not a lender and we do not set rates or make credit decisions.