Refinance Break-Even Calculator

A refinance only makes sense if the monthly savings outrun the closing costs. Enter your current loan, the new rate you're quoted, and your closing costs to see your monthly savings, your break-even month, and what you'd keep over 5 years and the life of the loan.

Monthly savings
$341
new vs. current payment
Break-even
20 mo
to recoup closing costs
$
%
%
$
Advanced options
yr
yr
Break-even20 mo
Current payment$2,805/mo
New payment$2,465/mo
5-year savings$13,936
Lifetime savings$116,114
The cost of waiting

Every month you don't refinance costs you $341. You break even on closing costs in month 20 and save $13,936 over 5 years.

Not worth it yet? We'll watch rates and email you when your break-even drops under 24 months.

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Lock in these savings

Get a no-obligation refi quote from a lender — based on the numbers you just ran. Just your email; we'll handle the rest.

By submitting you agree to be contacted about financing. Rentway may receive compensation if you close a loan with a partner lender. Not a loan commitment or offer of credit.

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