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Refinance Break-even Calculator
See your new monthly payment after refinancing, how much you save each month, and how many months until the closing costs pay for themselves.
Tip from Tink: If you'll move before the break-even month, refinancing likely isn't worth it.
Break-even
1 yr 11 mo
Monthly saving
$221.19
New payment
$1,539.29
Lifetime difference
$11,251.66
You also pay less in total over the life of the loan.
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How to use the Refinance Break-even Calculator
- Enter your balance, current rate and months left.
- Enter the new rate, term and closing costs.
- Read the monthly saving and break-even month.
Everything runs in your browser. Nothing you enter is uploaded.