Calculators / Refinance

Refinance Break-Even Calculator

See your new payment, monthly savings, and how long it takes to recover the closing costs. Educational estimate only.

New principal & interest
$0
Monthly savings$0
Break-even—

If you keep the loan past the break-even point, refinancing tends to pay off. A new 30-year term restarts the clock. Learn about refinancing.

Important disclosures. LoanFitCalc is a free educational tool that provides estimates only. It is not a loan, a loan approval, a commitment to lend, a rate lock, or an offer to make a loan, and it does not provide financial, legal, or tax advice or recommend a specific loan for you. Mortgage insurance rates, funding and guarantee fees, loan limits, taxes, and insurance figures are typical published values used for estimation and are subject to change. Program eligibility rules are summarized and simplified. Actual terms depend on your full application, credit, property, and lender underwriting. Consult a licensed mortgage loan originator before making any decision. LoanFitCalc is an independent educational website and is not a lender. ⌂ Equal Housing Opportunity