Mortgage Refinance Breakeven Calculator
Should I refinance my mortgage?
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Depending on how many months the ongoing payment savings will take to cover your upfront closing costs, refinancing may make sense for you. Use our refinance calculator to analyze your situation today!
In addition to a monthly payment breakeven, you may want to analyze the breakeven based strictly on the monthly interest savings realized through refinancing.