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Mortgage Refinance Break-Even Point Calculator

Calculating your refinance break-even point is done by dividing your refinance costs by the amount you’ll save each month with your lower mortgage payment. Based on the method you use to refinance your mortgage, the actual costs to refinance may vary. The benefit of a refinance is also impacted by the amount that you still owe on your mortgage and your current mortgage rate.

Use our calculator to calculate the number of months it will take you to break even if you refinance. If you do refinance, your monthly savings can automatically be transferred to a savings account to help build your emergency fund.

When using our calculators, remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates are for illustrative and educational purposes only.