WHEN IT PAYS OFF

Refinance Break-
Even Calculator

Compare your current mortgage with a proposed refinance using payment savings, closing costs, discount points, financed costs, interest, and your expected time in the loan.

REFINANCE BREAK-EVEN CALCULATOR

Build Your Plan

01

CURRENT MORTGAGE

Balance, Rate, Term & Payment

$
%
$ /mo
02

PROPOSED REFINANCE

New Rate, Term & Loan Structure

%
Quick Select
$
$
03

REFINANCE COSTS

Fees, Points, Credits & Financing

$
points
$
$
04

COMPARISON PERIOD

How Long You Expect to Keep the New Loan

The break-even calculation uses the net economic refinance cost divided by the estimated monthly principal-and-interest savings. A refinance can lower the payment without producing long-term savings if the new term is extended substantially.

ESTIMATED BREAK-EVEN POINT

0 months
—
Break-Even Achieved

Estimated time for monthly payment savings to recover the modeled refinance cost.

Current Monthly P&I $0
New Monthly P&I $0
Estimated Monthly Savings$0
Net Refinance Cost$0
Estimated New Loan Amount$0
Cash Due at Closing$0
Payment Savings Over Hold Period $0
Interest Difference Over Hold Period $0
Balance Difference at Hold Period $0
Estimated Net Savings $0

GOLDEN OAK INSIGHT

The refinance reaches break-even within the selected period.

Review the new term, remaining balance, and expected time in the loan before relying on payment savings alone.

HOLD-PERIOD ANALYSIS

5-Year View

Break-even reached
Current Loan Interest$0
New Loan Interest$0
Current Remaining Balance$0
New Remaining Balance$0
Net Cost Recovered$0
Estimated Net Savings$0

REFINANCE COST BREAKDOWN

See How the Break-Even Point Is Calculated

The calculator compares the net economic refinance cost with the estimated monthly principal-and-interest savings.

NET REFINANCE COST Closing Costs + Points − Credits
$0
÷
Estimated Monthly P&I Savings $0
Estimated Break-Even Point 0 months

CURRENT LOAN

$0/mo

Current Balance$0
Rate / Remaining Term0.000% / 25 years
Hold-Period Interest$0
Ending Balance$0

PROPOSED REFINANCE

$0/mo

New Loan Amount$0
Rate / New Term0.000% / 30 years
Hold-Period Interest$0
Ending Balance$0

WHAT CHANGED

$0

Monthly Payment Change$0/mo
Net Refinance Cost$0
Interest Difference$0
Balance Difference$0

NEXT PLANNING TOOLS

Continue Planning

Refinance Savings PlannerBuild a broader refinance comparison using payment, interest, cash flow, and long-term savings.
→ %
Mortgage Points CalculatorCompare the upfront cost of points with the monthly savings and expected time in the loan.
→
Mortgage Payment CalculatorReview the full monthly housing payment including taxes, insurance, mortgage insurance, and HOA.
→

HELPFUL READING

Official Mortgage Resource

i

OFFICIAL RESOURCE

CFPB: Owning a Home

Review mortgage shopping, Loan Estimate, loan comparison, and closing resources before refinancing.

Open Official CFPB Resource →

THE LOWEST PAYMENT IS NOT ALWAYS THE LOWEST COST

Review the Break-Even Point, New Term, and Remaining Balance Together

A personalized review can compare pricing, discount points, closing costs, lender credits, financed costs, cash flow, interest, and the effect of restarting or shortening the loan term.

Review Plan >

This calculator provides simplified estimates for educational purposes only and does not constitute a loan offer, approval, rate quote, payoff statement, Loan Estimate, Closing Disclosure, financial advice, legal advice, tax advice, or commitment to lend. Actual closing costs, discount points, lender credits, escrow refunds, prepaid items, payoff amounts, interest, payments, balances, qualification, and savings may differ. The simple break-even point does not capture every economic effect of refinancing, including taxes, opportunity cost, investment returns, mortgage insurance changes, or future refinancing.