Refinance Break-Even Calculator
Enter your current loan balance, current rate, new rate, term remaining, and closing costs for the refi. See monthly savings and how many months until you break even.
Break-even
Enter values to calculate.
How it works
We compute current vs new monthly P&I. Monthly savings = current payment − new payment. Break-even months = closing costs ÷ monthly savings (rounded up).
When to use it
Use it to decide if a refinance pays off before you sell or pay off the loan, or to compare refi offers.
Frequently asked questions
What if I pay points?
Add points cost to closing costs. Break-even will be longer but rate is lower.
Include taxes and insurance?
No. This compares P&I only. If escrow changes, factor that separately.