---
title: "Refinance Break-Even Calculator | MCC Solutions"
description: "Enter your current payment, new payment and closing costs to see how many months it takes to recover the costs. Free and private."
url: "https://mcc-solutionsnj.com/bookkeeping/refinance-break-even-calculator"
---

Free tool

# Refinance break-even calculator

Find how long it takes for monthly savings to repay the cost of refinancing.

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Want this tracked every month? Wrenfold keeps your budget on your own device. [See Wrenfold](/personal-finance)

Current monthly payment ($)

New monthly payment ($)

Closing costs ($)

Prefer to talk it through? [Take the free books check](/bookkeeping/health-check) or [contact us](/contact).

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Free to use. Paste this where you want it to appear. It runs in the visitor's browser, so nothing they enter is sent to us.

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How it works

## How it works

**Break-even months = closing costs divided by monthly savings**, where monthly savings is the old payment minus the new payment. If you will move or sell before then, refinancing may not pay off.

FAQ

## About this calculator

**Is a lower payment always a saving?**

Not if the new loan has a longer term. You can pay less each month and more in total interest. Compare total cost as well.

**What counts as closing costs?**

Fees to originate the new loan, such as lender, appraisal, title and recording charges. Your loan estimate lists them.

**Does this include taxes?**

No. It is a simple payback calculation for general information.

**Is anything saved?**

No. The math runs in your browser and nothing you enter is sent to us.

**Is this a quote or advice?**

No. It is a calculator for general information. Check results against your own figures before you rely on them.

Read the guide: [Is Refinancing Worth It? Find Your Break-Even](/tools/guides/is-refinancing-worth-it). Related: [loan comparison calculator](/bookkeeping/loan-comparison-calculator), [business loan payment calculator](/bookkeeping/business-loan-payment-calculator). See [all free tools](/free-tools). More free tools: [What changed for 1099s](/bookkeeping/1099-threshold-changes), [Inherited IRA 10-year rule checker](/bookkeeping/inherited-ira-10-year-rule-checker), [HSA and dependent care FSA limits](/bookkeeping/hsa-dependent-care-fsa-limit-calculator), or [see all free tools](/free-tools).

Free

### Month-End Close Checklist (PDF)

The five-day close, one page to print. Enter your email and we send a link to confirm it is yours, then the download. We may email you about new toolkits, and every email has an unsubscribe link.

General information, not tax or legal advice. [How we write and check our tools](/editorial-standards).

Do it yourself

### Home Buying Cost and Affordability Planner

Put in your income, debts and savings, then compare homes on the real monthly cost and the cash you need on closing day.

[See what's inside ($19)](/toolkits/home-buying-cost-planner) [Free sample](/toolkits/home-buying-cost-planner#free-starter)14-day full refund

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### Keep this going in a budget you own

Wrenfold keeps accounts, budgets, bills and goals on your own computer or iPhone, with budgets that roll over each month. Bring in a bank CSV or your You Need A Budget file, or keep balances current through SimpleFIN Bridge, a separate service you sign up for. $79 once, with an optional $5 a month for updates; the app keeps working if you stop. The free trial records up to 60 entries.

[See Wrenfold](/personal-finance) [Compare the three apps](/software)

## Want your books and numbers handled?

[Free health check](/bookkeeping/health-check)[Call (908) 444-6373](tel:+19084446373)