Mortgage Refinance Break-Even Calculator

Find out how long it takes to break even on a refinance — and whether it’s worth it.

Current loan

Remaining balance ($)

Current rate (%)

Months left

New loan

New rate (%)

New term (months)

Closing costs ($)

Current payment

$1,949

New payment

$1,634

Monthly savings

$315

Break-even & lifetime impact

Break-even point

17.4 months

Interest left on current

$374,944

Interest on new (+ closing)

$313,741

Worth it: you’d save about $61,203 in lifetime interest after closing costs.

Acerca de esta herramienta

Enter your current loan, the new loan, and the closing costs. Get the monthly savings, the break-even point in months, and the lifetime savings. The classic r/personalfinance refinance sanity check.

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