Free calculator

Refinance break-even calculator

Compare your current loan with a new one and estimate how many months it takes to recover closing costs.

Break-even point
23 months
Current payment (P&I)
$2,112.58
New payment (P&I)
$1,847.15
Monthly difference
$265.43
Remaining interest — current vs new
$384,476.57 vs $364,974.58

A longer new term can lower the payment while raising total interest — compare both lines above.

Estimates for general education only — not financial, lending or tax advice. Actual rates, payments, fees and terms depend on the lender and your situation; confirm with a qualified professional.

Tips that go with this calculator

Your next step

You don’t have to figure it out alone.

Tell us what you’re looking for and we’ll connect you with experts and resources that fit — privately, at your pace.