Refinance Breakeven Calculator

Calculate refinance breakeven for real estate investments and properties

How it works

Enter current payment, new payment, and total refinance costs. The calculator divides costs by monthly savings to show breakeven period in months.

Example

Save $275/month with refinance costing $4,950. Break even in 18 months ($4,950 รท $275). Refinance makes sense if keeping home longer.

FAQs

How long until monthly savings equal refinance costs. If breakeven is 18 months and you'll keep home 3+ years, refinance makes sense.

Application, origination, appraisal, title insurance, recording fees, attorney fees, and any prepayment penalty on current loan.

You lose money on the refinance. Only refinance if reasonably confident you'll keep property past breakeven point.