Mortgage refinance break-even calculator

Calculate monthly savings and break-even months when refinancing. Free US refinance calculator — rate, term and closing costs.

Current loan balance ($) Current interest rate (%) New interest rate (%) Remaining term (months) Closing costs ($)

Monthly savings · break-even

Also: mortgage payment · affordability.

Educational estimate only — not tax, legal or financial advice. State taxes, deductions and filing status change results. Confirm with a tax professional or IRS.gov.

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FAQ

What is refinance break-even?

Months of payment savings needed to recover closing costs.

Does a lower rate always win?

Not if costs are high or you sell before break-even.

Free?

Yes — free, no signup.

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HELOC · PMI · Closing costs · Refinance break-even · Mortgage payment · Paycheck hub