Refinance Break-Even Calculator

Find out how long it will take to recoup your closing costs through monthly savings.

Current Loan Balance: $300,000

Current Monthly Payment (P&I): $1,800

New Interest Rate: 5.5%

Estimated Closing Costs: $4,000

Your Refinance Snapshot

Break-Even Point

42 months

(3.4 years)

New Monthly Payment

$1,703

Monthly Savings

$97