Debt management

Refinance Break-Even Calculator

Enter your closing costs and the monthly savings to find how long a refinance takes to pay off.

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  • No sign-up

Costs & savings

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$
Advanced options
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Enter the closing costs and monthly savings to see the break-even.

Worked example

With these example inputs:

  • Closing costs$4,000
  • Monthly savings$200

Break-even (months): 20

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Frequently asked questions

How is the break-even point found?

Divide the closing costs by the monthly savings from the new loan. Costs of $4,000 against $200 a month in savings break even in 20 months.

Why does break-even matter?

If you plan to move or refinance again before reaching break-even, the upfront cost outweighs the savings. The shorter the break-even, the sooner a refinance pays for itself.