Real Estate Calculators
Mortgage Refinance Calculator
Enter your current loan details, a new refinance offer, and closing costs to compare payments and find the break-even point.
$2026
Current payment
$1703
New payment
12 months
Break-even on closing costs (saving $322/mo)
How to use this tool
- 1Enter your current loan balance, rate, and months remaining.
- 2Enter the new rate, term, and closing costs.
- 3See the payment comparison and break-even point.
Frequently asked questions
What does break-even point mean here?+
It's how many months of savings from the lower payment it takes to recoup the closing costs of refinancing — refinancing typically only makes sense if you'll stay in the home past that point.