Garrett Potz
Independent Mortgage Broker · Affinity Home Lending
NMLS #631592 · Company NMLS #1181151 · (770) 401-1759 · gpotz@affinityhomelending.com · www.garrettpotz.com
Refinance Break Even Analysis
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Your Break Even Point
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based on interest saved, not just payment savings
Current Payment$0
New Payment$0
Payment Change$0
| Method | How it is calculated | Break Even |
|---|---|---|
| Quick math | Closing costs ÷ monthly payment savings | — |
| Actual break even | Month by month interest saved vs. closing costs | — |
Interest saved vs. closing costs
The line below is your cumulative interest savings from refinancing. Break even is the month it crosses your closing costs.
Cumulative interest saved
Closing costs
Savings at 5 Years
Net savings if you only keep this loan 5 more years
$0
Savings Over Life of Loan
Net savings if you keep the new loan to term
$0
This is an estimate for planning only, based on the numbers you enter and standard amortization math. It does not account for taxes, insurance, PMI changes, opportunity cost of cash paid at closing, or the possibility of moving or refinancing again before break even. Actual figures depend on your loan estimate and closing disclosure. For real numbers based on today's rates and your situation, let's talk.