Refinance Breakeven Calculator

See if you can get ahead with a mortgage refinance
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Consider multiple factors to determine when you'll break even on refinance costs.

Figuring out if refinancing your mortgage is a smart option depends on how long it will take to pay off the costs associated with the refinance. This calculator looks at various factors, including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. The mortgage refinance calculator helps sort through the confusion and determine if refinancing your mortgage is a sound financial decision.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.