Refinance Breakeven Tool
If the monthly savings don't pay back the closing costs before you sell or refinance again, the refinance probably isn't worth it. We show you the breakeven month and the total savings after that.
~2 minutesMonth-by-month breakevenNo credit pull
Your current loan
New loan
Runs entirely in your browser — nothing you enter leaves your device.
Monthly savings
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Current monthly P&I—
New monthly P&I—
Breakeven month—
5-year net savings—
10-year net savings—
Illustrative only. Does not include escrow changes, mortgage insurance changes, or the long-term cost of restarting an amortization schedule. A TMES advisor will pull real numbers for your scenario and tell you plainly whether refinancing makes sense.