Break-Even Calculator

Find how long it takes refinance savings to cover your closing costs.

Estimated closing costs$9,500

Monthly payment savings$420

Break-even point

23months

Closing costs$9,500

Monthly savings$420

Break-even1.9 years

If you’ll keep the home past the break-even point, refinancing is more likely to pay off.

For illustration only. Not a loan offer, approval, or rate lock. Actual terms depend on your full application and underwriting. NMLS #362311.

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