Calculator
Refinance Break-Even
See monthly savings and the break-even point on a refinance scenario, including cash-out.
$388
monthly savings
- New monthly payment
- $2,820
- Simple payment break-even
- 21 months
- Closing costs
- $8,000
- Lifetime interest Δ
- $70,661
Closing costs and cash out are added to the new loan balance. Simple payment break-even divides closing costs by monthly payment savings; it does not compare future balances or the time value of money. A longer term can lower payments while increasing total interest.
Your numbers, but real
The calculator uses an assumed rate. Your scenario has a real one.
Discuss your credit, property, and timeline with Francisco to explore available programs and the information needed for a quote. Using this calculator does not perform a credit inquiry.
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.