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Refinance Break-Even Calculator
How many months until refi savings recoup closing costs. If you sell or refi again before break-even, you lose money.
FINANCEHow many months until refi savings recoup closing costs. If you sell or refi again before break-even, you lose money.
Detailed instructions, formula notes, and US-context guidance shown in the calculator above.
Disclaimer: Estimate only. Consult a qualified professional for decisions with major financial, legal, or health consequences.
Refinance Break-Even Calculator
How many months until refi savings recoup closing costs. If you sell or refi again before break-even, you lose money.
Break-Even Time
21 months (1.7 yrs)
Old monthly P&I$2,162
New monthly P&I$1,919
Monthly savings$243
Common rule: refinance makes sense if you save ≥0.5% on rate AND plan to stay long enough to recoup costs. No-closing-cost refi options trade lower upfront cost for slightly higher rate.
Frequently Asked Questions
What is the Refinance Break-Even Calculator for?
How many months until refi savings recoup closing costs. If you sell or refi again before break-even, you lose money.
How do I use the Refinance Break-Even Calculator?
Detailed instructions, formula notes, and US-context guidance shown in the calculator above.
How accurate are my refinance break-even results?
Estimate only. Consult a qualified professional for decisions with major financial, legal, or health consequences.
Is the Refinance Break-Even Calculator free to use?
Yes - every calculator on WhichCalc is completely free with no signup, no usage limits, and no tracking on the calculation itself. Results display instantly in your browser and your inputs are never sent to a server. Bookmark the page if you use this calculator regularly.