Loan Officer Tools · Refinance Break-Even
Show when refinance savings may recover the cost.
Compare the current mortgage with a proposed refinance, separate cash-out from transaction costs, and give the borrower a clear estimated break-even timeline.
Step 1 of 2
Enter both loan scenarios
Use the current mortgage statement and proposed loan worksheet whenever possible.
Current mortgage
Use the statement amount for greater accuracy.
Proposed refinance
Include financed costs or cash-out in this amount.
Lender, title, appraisal, and other transaction costs.
Shown separately and not treated as a refinance cost.
Illustration only—not a Loan Estimate, approval, or financial advice. Results use principal-and-interest payments and a simple cost recovery calculation. Taxes, insurance, mortgage insurance, escrow adjustments, prepaid items, interest already paid, tax effects, opportunity cost, and pricing changes are not included. Confirm all figures with the lender.