Will Refinancing Pay Off?
Refinance Break-Even
Find your break-even point — the number of months it takes for monthly savings to repay your closing costs.
Current vs. New
$
7.500%
300 mo
6.500%
$4,500
Break-Even Point
13 morefinance pays off
Current Payment$2,586
New Payment$2,212
Monthly Savings$374
5-Year Net Savings$17,954
New Loan Balance$350,000
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