Refinance Break-Even Calculator
Find the break-even point on a refinance.
When a refinance pays off
Refinancing has upfront closing costs, so it only pays once the monthly savings recoup them. Divide closing costs by monthly savings: $4,000 in costs saving $200 a month breaks even in 20 months.
If you expect to sell or refinance again before the break-even month, the new loan costs more than it saves — the single most useful thing to know before paying closing costs.
Beyond break-even
If you may move before break-even, refinancing can cost more than it saves. The figures you enter stay on your device and are never uploaded.
Frequently Asked Questions
How does this refinance break-even calculator work?
It uses the numbers you enter and applies the visible formula or planning rule in your browser.
Is this financial advice?
No. This is an educational estimate for planning. Check important decisions with a qualified financial professional.
Are my numbers uploaded?
No. The calculation runs locally in your browser and nothing is stored by this page.
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