Refinance break-even
Monthly change—
- Break-even
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- Total interest difference
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Illustration only. Not a quote or a commitment to lend.
What is the break-even point?
The number of months it takes for your monthly savings to cover the cost of the refinance. If you stay in the home longer than that, the refinance pays off.
Should I extend my term when I refinance?
Your payment goes down, but the total interest you pay can go up. The calculator shows both numbers so you can compare.