How long will it take to break even on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator to sort through the confusion and determine if refinancing your mortgage is a sound financial decision. Click the "View Report" button for a detailed look at your records.
NOTE: These calculators are made available to you as self-help tools for your independent use and are not intended to provide financial advice. We cannot guarantee their applicability or accuracy with regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes only.