MortgageDadOf3 Scenario Tool

Refinance Break-Even Calculator

Compare current and proposed mortgage P&I and estimate a simple cost-recovery period.

Refinance break-even

Compare current P&I to proposed P&I and estimate how many months of payment savings are needed to recover net refinance costs.

Current balance

Current rate %

Current remaining term years

New loan amount

New rate %

New term years

Total closing costs

Lender/other credits

Planning tool, not an approval: Results are educational estimates. Actual rates, APR, MI/MIP, taxes, insurance, HOA, closing costs, qualifying income, DTI, concessions and program eligibility depend on the loan file and current lender/agency rules.

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