Refinance Break-Even: $100/Month Savings with $4,000 Closing Costs
Saving $100 per month with $4,000 in closing costs means you break even in 40 months.
How to use this tool
- Enter current monthly payment, new monthly payment and closing costs in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your break-even period and the full breakdown beneath it.
Find out if refinancing makes sense when you save $100 per month but face $4,000 in upfront closing costs.
Frequently asked questions
- What is the refinance break-even point?
- The break-even point is when your cumulative savings from the lower monthly payment equal the upfront closing costs you paid to refinance.
- What if I plan to sell before the break-even?
- If you'll move before break-even, refinancing costs you money. Consider a no-closing-cost refinance (usually a slightly higher rate) if you're uncertain about staying.