Compare current and refinance loan payments, closing costs, break-even months, and lifetime savings. Fast client-side planning tool.
Added May 4, 2026
Input
Result
Enter a value for current loan balance to see your result.
Compares an existing loan with a refinanced loan to estimate monthly savings, break-even time, and lifetime savings after closing costs.
The refinance saves about $157 per month, so $5,000 of costs break even in roughly 32 months.
Inputs
Result
It is the number of months needed for monthly payment savings to recover closing costs.
Yes. A refinance can lower the monthly payment while increasing total paid if the new term is much longer.