Refinance Break-Even Calculator

Find out how many months it takes for a refinance’s lower payment to pay back its closing costs.

This is an estimate based on the numbers you have entered, not financial advice. NetWorthy never recommends a specific security and never moves money on your behalf.

Current monthly payment

New loan balance

New annual rate (%)

New term (years)

Closing costs

$1,703.37

New monthly payment

$96.63

Monthly savings

42 months

Break-even