Call us now!(425) 369-9660   |     |
Refinance Break-Even Point Calculator

Refinance Break-Even Point Calculator


Refinance Break-Even.

Want to know how long it takes to recoup refinance costs? The break-even point is when your savings equal the costs of the refinance. Simply enter your existing and new loan details to estimate the refinance savings and evaluate your financial goals.

Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.


New Monthly Payment


Monthly Savings


Number of months to break even


Frequently Asked Questions

How often can I refinance?

There is no limit to how many times you can refinance your home. However, mortgage lenders may have a few rules based on when you took out your prior home loan, such as requiring a six-month waiting period.

What if I have a second mortgage on my home? Can I still refinance?

Typically, any second mortgages are paid off through the refinance. Both loans are consolidated into one new first mortgage and you will only have one payment each month. If you prefer to keep your second mortgage intact, we may be able to ask your second mortgage lender to remain in the second position and allow us to refinance the first loan.

What is cash-out refinance?

A cash-out refinance lets you access your home equity by replacing your existing mortgage with a new one that has a higher loan amount than what you currently owe. If you have enough equity in your home, cash-out refinancing can provide a low-cost way of meeting your objectives — home improvement projects, paying off high-interest credit cards, or other financial needs.

Go to Top