Mortgage planning tool
Refinance Break-Even Calculator
Compare a proposed mortgage payment with the current payment and estimate how long closing costs may take to recover.
Free, no sign-up: figures are calculated in your browser.
Your estimate
Enter your figures and calculate.
What this calculator does
Compares principal-and-interest payments and divides estimated closing costs by monthly savings for a simple break-even estimate.
How to use it
- Enter realistic planning figures.
- Run the estimate and compare another scenario.
- Confirm important numbers with a lender or qualified professional.
Important assumptions
Educational estimate only. Actual rates, lender rules, fees, taxes, insurance, and personal circumstances vary.