Calculator

Refinance Break-Even

Name: Francisco Williams — Mortgage Broker
Address: 552 E Badillo St, Covina, CA, 91723, US
Telephone: (213) 880-8107
Price range: $$

See monthly savings and the break-even point on a refinance scenario, including cash-out.

Inputs

Current loan balance

Current rate

Current remaining years

New rate

New term (years)

Closing costs

Cash out

Refinance analysis

$388

monthly savings

New monthly payment$2,820

Break-even21 months

Closing costs$8,000

Lifetime interest Δ$70,661

Break-even assumes you pay closing costs upfront (or roll them in) and keep the loan for at least the break-even period. Pay-off date may move depending on term chosen.

Your numbers, but real

The calculator uses an assumed rate. Your scenario has a real one.

A 15-minute call gets you 2–3 live quotes from a panel of wholesale lenders — matched to your credit, property, and timeline. No hard pull, no obligation.

Call (213) 880-8107 Get a real quote

Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify. This is not a commitment to lend; all loans are subject to credit approval, income and asset verification, and property appraisal.