Calculators
Calculator
Refinance Break-Even
See monthly savings and the break-even point on a refinance scenario, including cash-out.
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Refinance analysis
$388
monthly savings
New monthly payment$2,820
Break-even21 months
Closing costs$8,000
Lifetime interest Δ$70,661
Break-even assumes you pay closing costs upfront (or roll them in) and keep the loan for at least the break-even period. Pay-off date may move depending on term chosen.
This site does not quote a rate or APR you can lock. A rate, APR, and terms depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors, and come from a licensed loan officer. Not all applicants will qualify.