Refinance Break-Even Calculator
The only refinance question that matters: how many months until the savings repay the costs?
Break-even point
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- Current payment (P&I)
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- New payment (P&I)
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- Monthly savings
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- 5-year net savings
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Frequently Asked Questions
What is a refinance break-even point?
The number of months it takes for your monthly savings to repay the closing costs of the refinance. If you’ll stay in the home (and the loan) longer than the break-even point, refinancing saves you money; if not, keep your current loan.
What closing costs should I expect on a Utah refinance?
Typically 2–3% of the loan amount, covering lender fees, title, appraisal, and recording. "No-cost" refinances roll the fees into a slightly higher rate — sometimes the right move if you may sell or refinance again soon.
Does restarting my 30-year clock matter?
Yes — a lower payment can still cost more lifetime interest if you extend the term. Compare the new loan’s remaining interest against your current loan’s, or match the new term to your remaining years. We run this comparison free on every refinance quote.
Rates Dropped Since You Closed?
We'll run your exact break-even math with today's wholesale rates — free, no obligation.
Prefer to talk? Call (801) 916-5425