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Smart Invest Life
Break-Even Month

Buying, financing and owning a home

Refinance Calculator with Break-Even Point

Compare your current mortgage with a refinance to see your monthly savings, how many months until the closing costs pay off, and the net interest saved.

Monthly Savings and Break-Even

Old vs. New
Monthly Payment Savings $248/mo New: $2,076 vs Old: $2,324
Break-Even Point 19 months Closing Costs: $4,500
Net Interest Saved $125,609 After closing costs

How This Calculator Works

This calculator compares what you still owe on your current mortgage with a new loan. It shows how much your payment drops and the break-even month, when your monthly savings add up to the closing costs. Savings are measured on your existing balance only. Any cash-out is reported separately.

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