Mortgage Refinance Break-Even Calculator

Compare payments and find how long it takes to recover closing costs.

Inputs

Loan Balance ($)

Current Rate (%)

New Rate (%)

Term (years)

Closing Costs ($)

Updates instantly

$193

Estimated monthly savings

Break-Even (months)

New Payment

$1,703

Can't find the calculator you need?

Send your request or a correction and we'll review it within 24 hours.

You can also use the Feedback button in the bottom-right corner.

Break-even months = Closing Costs ÷ Monthly Savings.