Refinance Break-Even Calculator Timing check

Compare current and new terms to estimate monthly savings, break-even month, and remaining-term net cost difference.

Remaining loan balance ($)

Current rate (%)

Years remaining (current loan)

New refinance rate (%)

New loan term (years)

Refinance closing costs ($)

Enter values and run calculation.

If break-even is longer than how long you plan to keep the loan, the refinance may not pay off despite a lower rate.