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Refinance break-even calculator

Compare your current mortgage to a new rate. We'll show your new payment, when you break even on closing costs, and total interest saved over the life of the loan.

Your current loan

New loan

Old payment
$2,899
P&I only
New payment
$2,617
P&I only
Monthly savings
$282
9.7% lower
Break-even
23 mo
≈ 1.9 years
Refinancing likely makes sense ✓
You break even in about 1.9 years, then save the rest.
Lifetime interest saved$48,920
After break-even, every month$282
Start my refinance →

Estimates only. Personal results depend on your file, lender pricing, and current rates. Not a commitment to lend.