Homeowner Utility
Refinance Breakeven Calculator
Calculate exactly how long it will take for your new, lower interest rate to pay for the closing costs.
Current Loan
$
$
Principal & Interest ONLY (exclude taxes/insurance).
New Refinance Loan
%
$
Typically 2% to 5% of the loan amount.
Breakeven Point
0 Mo
Time needed to recoup your closing costs
Current Monthly P&I
$0
New Monthly P&I
$0
Monthly Savings
$0 / mo
Total Closing Costs
$0
Disclaimer: This tool calculates the breakeven point based solely on the reduction in your monthly Principal & Interest (P&I) payment. It does not account for changes in property taxes, insurance, or the potential long-term interest cost of resetting your loan term back to 30 years. Always review official Loan Estimates provided by your lender.