Refinance: Break-Even & Monthly Savings

Compare your current loan to a new rate and term. See monthly savings and how many months until closing costs are paid off.

Current loan

New loan & costs

New rate (%)6%
New term (years)30 yrs
Closing costs ($)$6,000
Monthly savings
—
Break-even (months)
—
  • Current payment (P&I)—
  • New payment (P&I)—
  • Closing costs—

If you stay past break-even, the refinance pays for itself. Not a commitment to lend.

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