Refinancerate

Break-Even Calculator

Calculate how long it will take to recover your refinancing costs

Include all fees: origination, appraisal, title, escrow, etc.

The difference between your old and new monthly payment

Example Scenarios

Break-Even Point

0
months
March 2026

Recommendation

Cumulative Savings Over Time

After 1 Year$0
After 3 Years$0
After 5 Years$0

Get an accurate estimate of your closing costs and monthly savings

Understanding Break-Even

What is the break-even point? It's the time it takes for your monthly savings to equal the upfront cost of refinancing. After this point, you're in the green — every month of savings goes straight to your pocket.

Factors to consider: The break-even calculation assumes you'll keep the new loan for the full period. If you plan to sell or refinance again before breaking even, you may not realize the full savings.

Ways to reduce break-even time:

  • Shop for lower closing costs from different lenders
  • Consider a no-closing-cost refinance (higher rate, no upfront fees)
  • Negotiate with your current lender for reduced fees
  • Roll closing costs into the loan (increases balance but preserves cash)