Compare the loan you have with a new scenario
Refinance Break-Even Calculator
Estimate the monthly principal-and-interest difference and how long closing costs may take to recover.
Enter your assumptions
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How to read this estimate
A lower payment does not automatically mean a better loan. Compare the remaining term, total interest horizon, cash received, mortgage insurance, taxes, insurance, and how long you expect to keep the property.
Request a no-credit-pull quoteQuestions about this calculator
Is this refinance calculator a loan quote?
No. It is a planning estimate based only on the information and assumptions you enter.
Will using this calculator affect my credit?
No. The calculator does not request or pull a credit report.
Can a First Equity loan officer review my results?
Yes. Use “Send me these numbers” to securely attach your inputs and results to a follow-up request.