Sources verified · May 22, 2026

Does this refi actually pay back?

Enter your current loan and the new quote. We’ll show the new monthly payment, cash-to-close, financed-cost impact, simple break-even, total-cost crossover, and — if you tell us how long you plan to stay — whether the move recovers within that window.

New here? See it work with example numbers:

Your current loan

What you still owe on the mortgage.

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Principal + interest only. Skip taxes and insurance — they don't change in a refi.

Roughly. A 30-year loan you took out 5 years ago has 300 months left.

The refi you're considering
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Advanced quote details

Paid costs count as cash-to-close. Financed costs increase the new loan principal.

Cash you receive from the refi. It increases the loan balance, not savings.

%
%

Payment math still uses the note rate above.

%
After-tax estimate

Excluded because itemizing is Unsure. The entered tax rate is retained.

Optional — only if it applies to you

If you plan to move before break-even, the refi doesn't pay back. We'll surface that.

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What this tool does and doesn’t do

  • Does: standard mortgage amortization on the new loan to compute the new monthly payment, then a simple break-even (closing costs ÷ monthly savings) and an honest total-cost crossover (month-by-month walk until cumulative new cost catches up to cumulative current cost). It can model closing costs and points paid at closing or financed, cash-out proceeds as borrowed cash, APR-vs-note-rate gaps, and a rough optional mortgage-interest tax sensitivity. When you provide a planned holding period, it’s compared against the break-even to surface a structural verdict.
  • Doesn’t yet: PMI removal if your LTV crosses 80%, ARM-to-fixed conversions, lender credits / seller credits, rate-lock timing, appraisal timing, or a full tax filing analysis beyond the optional rough sensitivity.
  • This is a planning estimate. It is not a lender quote, not mortgage advice, and not a guarantee that your refi numbers will match — your specific Loan Estimate from a lender is the authoritative source. Use this to decide whether the refi is worth running the full numbers on.