Refinance Break-Even Calculator

Months until refinance savings recoup closing costs.

Current monthly payment ($)New monthly payment ($)Closing costs ($)

Monthly savings$300

Break-even16.7 months

5-year net savings$13000

10-year net savings$31000

About this tool

Type your current monthly payment, the new monthly payment, and total refinancing closing costs. Get the break-even point in months, the 5- and 10-year net savings, and the breakeven rate move that would justify the refi. Targets r/RealEstate and r/personalfinance 'should I refinance at 6.5 from 7.5' threads.

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