Refinance break-even calculator
How long to recover
the refinance costs?
A simple cash-flow check using the principal-and-interest payments and costs you enter.
Simple break-even
Calculate to see
This is not a full savings or equity comparison. It excludes differences in amortization, remaining balances, interest over the full loan term, taxes, insurance, tax treatment, and the time value of money. Financed fees also increase the balance owed.
A longer term can lower the payment and increase total interest. Review the full loan comparison with Ashley before deciding.
Method: costs divided by monthly principal-and-interest savings, rounded up to a whole month. See VA’s discussion of refinance costs.