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Refinance Break-Even
Find the exact month your refi savings outweigh closing costs — and whether resetting your term actually saves you money long-term.
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Shorten to 15yr
Cash-Out Refi
📋 Current Loan
$
%
e.g. 25 yrs left = 300
$
Used to estimate PMI removal
✨ New Loan
%
$
Adds to new loan balance
↓
%
💰 Closing Costs
Itemized or flat estimate
Origination / Lender Fees
$
Title & Escrow
$
Appraisal
$
Recording / Government Fees
$
Other / Prepaid
$
Total Closing Costs
$4,500
Break-Even Analysis
You break even in
—
Enter your loan details to calculate
CloseBreak-evenYear 5
Monthly Savings
—
New vs current payment
Closing Costs
—
Total to refinance
Interest Saved
—
vs remaining term
Net Benefit
—
Savings minus costs
📋 Current
✨ New Loan
Cumulative Cost — Break-Even View
Keep current
Refinance
Cumulative out-of-pocket costs. Refinance line starts higher due to closing costs, then crosses over at break-even. Vertical line marks break-even month.
📅 Net Savings Over Time
Cumulative savings
Net (after closing costs)
See your actual rate today
Run these numbers with a real rate quote. A Quazel loan officer can pull today's best rates and tell you if now is the right time to refi.
Estimates only. Does not include tax implications, PMI removal savings, or prepayment penalties. Results do not constitute a loan commitment.
Quazel Mortgage · NMLS #2133626 · Licensed in UT, ID, FL & CO · Privacy Policy · Opt Out
Quazel Mortgage · NMLS #2133626 · Licensed in UT, ID, FL & CO · Privacy Policy · Opt Out