Refinance Break-Even Point Calculator

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

Payment & Amortization

Calculate your monthly payment and see how the principal is paid over time.

Rent vs. Own

Calculate the difference between renting and buying a home.

Refinance Break-Even Point

Find out how long it will take to “break-even” on a refinanced loan.

Prepayment Savings

Find out how soon you can pay off your mortgage by making prepayment.

Results

Current Monthly Payment:		$
New Loan Amount:		$
New Interest Rate:		%
Loan Term:		years
Closing Costs:		$

New Monthly Payment:		$
Monthly Savings:		$
Number of months to break even: