Refinance Break-Even Calculator
A refinance often comes with closing costs. The break-even point is the number of months it takes for your monthly savings to add up to those costs. This tool keeps it very simple so you can see if a refi is even worth exploring.
What this page does
You enter your estimated total refi costs and your estimated monthly savings (old payment minus new payment).
We show how many months (and years) it might take to "earn back" those costs in pure cash-flow terms.
1. Enter Costs & Savings
$
Include lender, title, recording, etc. Bill can refine this number.
$
Current payment minus new payment, principal & interest only or full payment – just be consistent.
Rough guess is fine. This is for comparison only.
This is a stripped-down calculation. It doesn't include future rate changes, tax deductions, changes in insurance, or how extra principal payments might change things. Bill can layer those in with a full refi analysis.
2. Simple Break-Even Result
Enter your costs and savings
We'll show how many months (and years) it takes for monthly savings to match your refi costs.
Combine this with the Refi Savings Calculator to see both the simple break-even and the bigger-picture savings. Bill can show amortization and long-term interest impact.