Mortgage refinance break-even calculator
Compare current and proposed principal-and-interest payments and closing-cost recovery.
Run your estimate
Results update as you change the inputs.
Estimated monthly payment reduction$230
- Current payment on entered term
- $2,329
- Proposed payment
- $2,098
- Closing costs
- $0
- Simple break-even
- 0 months
A true comparison must use the current remaining term and consider term extension, points, taxes and opportunity cost.
Copy link
Use the estimate to ask a better question.
Bring the assumptions, your records and the result to a tax professional before acting on a material tax or retirement decision.