PMA
PMA
Purchase • Refinance • DSCR
Calculator

Refinance break-even

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

Inputs

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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“I had an excellent experience working with my lender throughout my mortgage process. He is extremely professional, knowledgeable, and dedicated. From the beginning, he guided me step-by-step, answered all my questions clearly, and made everything easy to understand. His communication was outstanding, and I always felt supported and informed. Thanks to his expertise and patience, the entire process went smoothly. I highly recommend him to anyone looking for a reliable and professional lender. Truly exceptional service!”
Rodolfo Salgado12/17/2025

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