Calculator

Refinance break-even calculator

See how much a new rate could save each month and how many months it takes to recover your closing costs.

Estimates for illustration only

Calculator

Refinance break-even calculator

See how much a new rate could save each month and how many months it takes to recover your closing costs.

Estimates for illustration only

Calculator

Refinance break-even calculator

See how much a new rate could save each month and how many months it takes to recover your closing costs.

Estimates for illustration only

Refinance break-even calculator

Illustrative
Estimated monthly savings$291/ month
Break-even point21 months(about 1.8 years)
Current principal & interest$2,139
New principal & interest$1,847
If you plan to stay in the home longer than the break-even point, refinancing may be worth a closer look.

Estimates for illustration only. Not a loan offer or commitment to lend.

How it works

How the break-even point works

Divide your total closing costs by your monthly savings. If you plan to stay in the home longer than the break-even point, refinancing may be worth a closer look.

What you’ll enter

Your current loan balance

Your current interest rate and remaining term

The new interest rate and term

Estimated closing costs for the new loan

FAQ

Common questions

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Want real numbers instead of estimates?

A licensed loan officer can review your scenario and send an official Loan Estimate. Checking your options won’t commit you to anything.

Get pre-approved

Talk to a loan officer

Want real numbers instead of estimates?

A licensed loan officer can review your scenario and send an official Loan Estimate. Checking your options won’t commit you to anything.

Get pre-approved

Talk to a loan officer

Want real numbers instead of estimates?

A licensed loan officer can review your scenario and send an official Loan Estimate. Checking your options won’t commit you to anything.

Get pre-approved

Talk to a loan officer

Call

Get pre-approved

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