By Meraj Uddin Provat · Last reviewed May 23, 2026 · Editorial Standards
Refinance Break-Even Calculator
When does the rate drop pay off the refi closing costs? Run the math before you commit.
Typically 2-4% of loan amount. NY/PA add mortgage recording tax.
Break-even point
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When refi closing costs are recouped via monthly savings.
Current payment
$0
New payment
$0
Monthly savings
$0
Lifetime savings (if stay)
$0
Adjust the inputs to see whether refinancing pays off.
Estimates only. Real refinance closing costs vary by state and lender. Get a Loan Estimate from 3 lenders before refinancing.
Free calculator by CalcCottage