Refinance Calculator
Compare your current loan with a new rate to find the monthly savings and break-even month.
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How it works
Refinancing trades upfront closing costs for a lower monthly payment. The break-even point — how many months of savings it takes to recoup those costs — tells you whether the move pays off before you are likely to move or refinance again.
Frequently asked questions
Is a lower payment always a win?
Not if you restart a 30-year clock. A lower rate over a longer term can reduce the monthly bill while increasing total interest. Compare lifetime cost, not just the payment.
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