Refinance Comparison
Break-even
2 years 4 months
Current remaining interest: $373,894.59
New loan interest: $313,282.60
Lifetime savings after costs: $55,111.99
Methodology, assumptions, and source references
Auto-updated on Feb 24, 2026Data snapshot: Sep 13, 2025
Inputs used
- Current balance, current APR, remaining term, new APR, new term, and closing costs
Formula basis
- Current/new payment: amortization formula on same current balance
- Monthly savings = current payment - new payment
- Break-even months = closing costs ÷ monthly savings (if savings are positive)
- Lifetime savings = current remaining interest - new interest - closing costs
Assumptions and limits
- Escrow/tax/insurance changes are not included in payment difference
- Rate lock, lender credits, and tax effects are not modeled
- Use lender loan estimate for final refinance decision