🔄 Refinance Break-Even Calculator

See exactly how many months it takes for your monthly savings to offset refinancing closing costs — and whether the math makes sense for how long you plan to stay.

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Inputs
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Results
Break-Even Point
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Current Monthly Payment—
New Monthly Payment—
Monthly Savings—
Closing Costs—
Lifetime Interest (current)—
Lifetime Interest (new)—
Total Interest Saved—
Net Benefit (after costs)—
Break-Even = Closing Costs ÷ Monthly Savings
Monthly Savings = Current Payment − New Payment

The break-even rule of thumb: refinancing makes financial sense if you'll stay in the home longer than the break-even period. For most homeowners, a 0.75–1% rate reduction with typical closing costs breaks even in 18–36 months. Resetting to a full 30-year term can lower payments but increases total interest paid — check the "lifetime interest saved" figure too.