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//// Real Estate · Mortgage
Mortgage Refinance Break-Even Calculator
Is refinancing worth it? See your exact break-even date, monthly savings, and total lifetime interest savings vs. keeping your current loan.
Where this fits
This tool lives inside Cash Flow + Home Buying and is most useful for founders and homeowners.
30yr Fixed Avg~6.8%
Standard Down20%
DTI Limit (QM)43%
Current Loan
New Loan
Monthly Savings
$247.74/mo
Break-Even
23 months
to recoup closing costs
Lifetime Interest Savings
$18,202
vs. keeping current loan
Net Savings (after costs)
$12,702
total benefit of refinancing
Payment Comparison
Current Payment
$1,971.74/mo
@ 7.25% · 27 yrs left
New Payment
$1,724.01/mo
@ 6.25% · 30 yr term
New payment is 12.6% less$247.74/mo saved → $2,973/yr
Interest Paid Over Time
| Year | Current Interest | New Interest | Saved (cumul.) |
|---|---|---|---|
| Yr 1 | $20,186 | $17,407 | $2,779 |
| Yr 2 | $40,112 | $34,603 | $5,509 |
| Yr 3 | $59,757 | $51,575 | $8,183 |
| Yr 4 | $79,102 | $68,307 | $10,795 |
| Yr 5 | $98,123 | $84,785 | $13,338 |
| Yr 6 | $116,796 | $100,992 | $15,804 |
| Yr 7 | $135,095 | $116,911 | $18,185 |
| Yr 8 | $152,993 | $132,523 | $20,470 |
| Yr 9 | $170,458 | $147,808 | $22,650 |
| Yr 10 | $187,459 | $162,747 | $24,713 |
Refinancing Makes Financial Sense
You'll recoup closing costs in 23 months. If you plan to stay in the home beyond that, refinancing saves you $12,702 over the life of the loan.
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