Refi Runway

Will refinancing
actually pay off?

Enter your numbers below. We'll tell you the month your new mortgage starts putting money back in your pocket instead of taking it.

$
$
$
Break-even point
27months
That's about 2 years and 3 months of payments.
Good deal
You're saving $349/month — worth it if you'll stay past month 27.
The runway
Gold = savings piling up. Coral line = what refinancing cost you. Where they cross is break-even.
Cumulative savings Refinance cost Break-even month
Full picture
What does this refinance really save you?
A lower payment can come from a better rate — or from stretching your loan back out to 30 years. Add your loan details to see the difference, and what you'd actually save over the time you'll keep it.
$
%
yrs
%
yrs
Until you sell or refinance again

Uses the cost to refinance from above, paid upfront.

Net savings over 7 years
$0
What's behind the number
    Compare your options
    Option Monthly P&I Paid off in Net savings · 7 yrs Interest + costs to payoff
    The true runway
    Gold = what you're really ahead, counting interest and the equity you build. Dashed = the payment-only view from above.
    True savings Payment-only view When you expect to move or refinance

    Not sure what this number means for you? Read how to know if refinancing is worth it →