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, the simple break-even, the honest total-cost crossover, and — if you tell us how long you plan to stay — a direct read on 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.

%

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
%
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). When you provide a planned holding period, it’s compared against the break-even to surface a structural verdict.
  • Doesn’t yet: cash-out refis, ARM-to-fixed conversions, points buy-downs, the mortgage-interest tax deduction, PMI removal if your LTV crosses 80%, lender credits / seller credits, or any rate-lock or appraisal timing modeling.
  • 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.