Home Mortgage Refinance Calculator
How long will it take to break even on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator to sort through the confusion and determine if refinancing your mortgage is a sound financial decision. Click the "View Report" button for a detailed look at your records.
NOTE: Calculators are for illustrative purposes only. The default figures shown (as well as any entered by you) are hypothetical and may not be applicable to your individual situation. The various components affecting the results can vary widely from transaction to transaction. Please consult a financial professional prior to relying on results. Accuracy of calculator results is not guaranteed.