Refinance Break-Even Calculator
Find out exactly how many months until your savings exceed the cost of refinancing.
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Break-even point
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months
Monthly Savings
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Annual Savings
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5-Year Net
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10-Year Net
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When does refinancing make sense?
Refinancing makes financial sense when monthly savings exceed closing costs within the time you plan to stay in the home. The break-even point is the key metric — not the rate reduction itself.
When does refinancing make sense?
When monthly savings exceed closing costs within your planned stay. Break-even under 24 months typically justifies refinancing if you plan to stay longer.
What are typical refinance closing costs?
2–5% of loan amount. On a $300k loan: $6,000–$15,000, including origination, appraisal, title, and recording fees.
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