Compare calculators
Both calculators run independently β change the inputs on either side to compare results.
Mortgage Advanced
Mortgage Refinance Break-Even Calculator
Finds how many years it takes for your monthly savings from a lower refinance rate to fully offset your closing costs. Use this before deciding whether to refinance your mortgage.
Fill in the required fields to see your result.
Mortgage Advanced
Mortgage Points Break-Even Calculator
Determines how many months it takes for the interest savings from buying down your rate to recover the upfront cost of mortgage points. Use it when deciding whether to pay points at closing.
Fill in the required fields to see your result.
Key differences
| Mortgage Refinance Break-Even Calculator | Mortgage Points Break-Even Calculator | |
|---|---|---|
| Category | Mortgage Advanced | Mortgage Advanced |
| Inputs required | 5 | 4 |
| Result | Break-Even Period (months) | Break-Even Period (months) |
| What it does | Finds how many years it takes for your monthly savings from a lower refinance rate to fully offset your closing costs. Use this before deciding whether to refinance your mortgage. | Determines how many months it takes for the interest savings from buying down your rate to recover the upfront cost of mortgage points. Use it when deciding whether to pay points at closing. |