Real Estate
January 19, 2025
9 min read
CalcPortal Pro Team
When to Refinance Your Mortgage: Rates, Costs, and Break-even
Learn a simple framework to estimate savings, break-even months, and key risk factors before refinancing.
Calculating Break-even
Divide total refinance costs by the monthly payment reduction to estimate break-even months. If you plan to stay longer than break-even, refinancing may be worthwhile.
Compare scenarios using our mortgage calculator to model payments.