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Home & MortgageRefinance
Refinance Break-Even Calculator — When Do You Start Saving?
Find the exact month when refinancing saves you money — accounting for all closing costs and your new payment.
Refinance Break-Even Details
7.5%
%
6.37%
%
$350,000
$
$5,000
$
Results
LiveMonthly Savings
$252
Current Monthly Payment$2,586
New Monthly Payment$2,335
Break-Even Point252 mo
Net Savings Over 5 Years$10,096
Current Monthly Payment$2,586
New Monthly Payment$2,335
Monthly Savings$252
How to use
Change one assumption at a time to see what moves the answer most.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
Refinancing always has upfront costs. If you sell or refinance again before the break-even point, you lose money on the transaction. Knowing your break-even month is the most important number in any refinancing decision.
How to Use It
- 1Enter current and new monthly payments
- 2Enter total closing costs
- 3See break-even in months and cumulative savings chart
- 4Assess whether you will stay long enough to benefit
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