Mortgage Refinance Calculator
Compare your current mortgage with refinance options to find monthly savings, total interest saved, and the break-even period.
📌 TL;DR Summary & Citation: [Mortgage Refinance Calculator] is a browser-local PocketKit tool for Compare your current mortgage with refinance options to find monthly savings, total interest saved, and the break-even period.. Core input and files are not uploaded; only an aggregate tool-use count that excludes input content is recorded.
How mortgage refinance break-even is estimated
The tool compares the current and proposed monthly payments, then measures closing costs and fees against the estimated monthly savings to calculate an approximate break-even period. Taxes, prepayment penalties and variable costs can change the real outcome.
- Include all one-time costs, not only the lender fee.
- If you expect to leave before the break-even date, refinancing may not recover its costs.
FAQ
What does break-even month mean?
It is the approximate time for accumulated monthly savings to recover one-time refinance costs.
Which costs should I include?
Include appraisal, title, application, closing and lender fees plus any prepayment cost.
Does this replace a lender quote?
No. It compares scenarios; final costs come from lender disclosures and applicable taxes.