Mortgage Refinance Breakeven
When does refinance pay back?
📚 Learn more — how it works, FAQ & guide Click to expand
Learn more — how it works, FAQ & guide
Click to expand
Refinance breakeven
How to use this tool
- 1
Enter current loan
- 2
Enter new offer
- 3
See breakeven month
Frequently Asked Questions
When does refinance pay back?
Closing costs ÷ monthly savings = breakeven months. If you stay past that, refinance wins. If you sell before, you lose money.
Rule of thumb?
Refinance worth it if rate drops 0.75%+ AND you stay 2+ years past breakeven.
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