Refinance Calculator

Calculator

Refinance break-even

Compare current vs new principal & interest and estimate break-even time.

Inputs

Current balanceCurrent rate (%)New rate (%)Remaining term (years)New term (years)Closing costs (est.)

Comparison

Current P&I

$2,645.40

New P&I

$2,401.86

Monthly savings

$243.54

Break-even

25 months

Break-even is an estimate: closing costs divided by monthly P&I savings. Taxes and insurance are not included.

* Example for illustration only: purchase price $450,000, 20% down, 30-year fixed, 6.750% note rate, 6.982% APR, estimated as of January 15, 2026.

Rates, APR, taxes, insurance, mortgage insurance, reserves, cash to close, fees, and qualifying terms can change based on credit, income, assets, property, occupancy, documentation, market movement, lender overlays, and underwriting.

This calculator is an educational estimate. It is not a Loan Estimate, credit decision, approval, or commitment to lend. Ask a licensed mortgage professional for a full review and an official Loan Estimate before making decisions.

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