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
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. Savings compares monthly payments only — a new 30-year term restarts amortization, so ask Adam for the interest-over-time comparison. Assumes closing costs paid in cash. Not a commitment to lend.