Compare calculators
Both calculators run independently — change the inputs on either side to compare results.
Mortgage Refinance Break-Even Calculator
Tells you how many months it takes for the monthly savings from refinancing to cover the upfront closing costs. If you plan to keep the home past this break-even point, the refinance pays for itself.
Mortgage Payment Calculator
Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits.
Key differences
| Mortgage Refinance Break-Even Calculator | Mortgage Payment Calculator | |
|---|---|---|
| Category | Real Estate | Financial |
| Inputs required | 2 | 5 |
| Result | Break-Even Point (months) | Monthly Payment (PITI) ($) |
| What it does | Tells you how many months it takes for the monthly savings from refinancing to cover the upfront closing costs. If you plan to keep the home past this break-even point, the refinance pays for itself. | Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits. |