Refinance Break-Even Calculator
See your estimated new payment at today’s rates — and how long it would take to recoup your closing costs before you actually come out ahead.
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Your Current Loan
Pre-filled as ~2% of your balance — adjust if you have a real quote.
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These are market averages — your actual rate depends on your credit, property, and loan details.
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$2,091
at 7.25%
Estimated New
$1,801
at 6.5%
Monthly Savings
$289
per month
Estimated Break-Even
1 yr, 8 mo
to recoup $5,700 in closing costs at $289/mo savings
Break-Even vs. 5-Year Stay
You’d break even before 5 years — if you plan to stay longer, refinancing likely makes sense.
How this is calculated
Closing costs of $5,700 divided by monthly savings of $289 = approximately 20 months to recoup the refinancing cost. After that point, every month you stay in the home you keep the full $289 savings.
Estimate only — based on today’s typical rates (6.5% over 30 years) and the numbers entered, not your actual credit profile or an official rate quote. Your actual rate and closing costs will vary. Contact a Liberty home loan specialist for a personalized refinance analysis.