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Refinance Break-Even Calculator

Calculate how long it takes to recoup refinance closing costs.

%

Existing mortgage APR

%

Proposed refinance APR

$
$

Refinance fees

Output will appear here…

How to Use This Tool

  1. Fill in Current Rate, New Rate, Loan Amount, and Closing Costs. Each control is labeled; you do not need to paste a JSON blob.
  2. Click "Calculate" to run the tool in your browser.
  3. Read the result below the form and copy it if you need it in another app.

Learn More About Refinance Break-Even Calculator

About Refinance Break-Even Calculator

Calculate the break-even point for mortgage refinancing. Compare current and new loan costs.

About

Calculate the break-even point for mortgage refinancing. Compare current and new loan costs.
Calculate the break-even point for mortgage refinancing. Compare current and new loan costs.
Runs in browser
Yes
No signup required
Yes

Examples

Typical refinance: 6.5% → 5.0% on $300K.

Typical refinance: 6.5% → 5.0% on $300K.
Input
6.5, 5, 300000, 5000
Output
Current rate: 6.5%
New rate: 5%
Loan amount: $300,000
Closing costs: $5,000

Monthly savings: $375.00
Break-even point: 14 months (1.2 years)
30-year savings: $130000.00

✓ Refinancing saves money after 14 months

Higher balance: 7% → 6% on $500K.

Higher balance: 7% → 6% on $500K.
Input
7, 6, 500000, 8000
Output
Current rate: 7%
New rate: 6%
Loan amount: $500,000
Closing costs: $8,000

Monthly savings: $416.67
Break-even point: 20 months (1.7 years)
30-year savings: $142000.00

✓ Refinancing saves money after 20 months

Smaller loan: 5.875% → 5.25% on $250K.

Smaller loan: 5.875% → 5.25% on $250K.
Input
5.875, 5.25, 250000, 3500
Output
Current rate: 5.875%
New rate: 5.25%
Loan amount: $250,000
Closing costs: $3,500

Monthly savings: $130.21
Break-even point: 27 months (2.3 years)
30-year savings: $43375.00

✓ Refinancing saves money after 27 months

Use Cases

  • Check refinance break-even calculator values while you draft a page, spreadsheet, or config.
  • Fill Current Rate, New Rate, Loan Amount and compare the result to a second source.
  • Keep sensitive inputs on-device — this page runs the calculation in the browser.

Frequently Asked Questions

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