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v1.1UtiliviseStudioDeveloper & Content Creator Toolkit
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Quick Summary
See whether refinancing pays off: compare your current mortgage to a new rate and term, with the monthly savings, the break-even month on closing costs, and the lifetime interest difference.
Interactive Client Prototype Sandbox
Current loan
New (refinanced) loan
Current payment$1,996.03
New payment$1,634.00
Monthly savings$362.03
Break-even: 17 months (~1.4 yrs) to recoup $6,000 closing costs.
Lifetime interest (incl. closing): current $390,666 vs new $314,241 → save $76,424
Estimate only. A longer new term can lower the monthly payment yet raise lifetime interest. Closing costs are folded into the new-loan lifetime total.
How to use the Refinance Break-Even Calculator
Step-by-Step Guide
Enter your current balance, rate, and years remaining, then the new rate, term, and closing costs. The tool shows both payments, your monthly savings, the break-even month, and the lifetime interest comparison.
Example$280k at 7.5% refinanced to 5.75% / 30y with $6,000 costs ➔ a few hundred a month saved, breaking even in roughly 1.5–2 years.
Who it's for
Homeowners considering a refinance and mortgage brokers.
Core Features
- Side-by-side current vs new monthly payment and the monthly delta.
- Break-even month = closing costs ÷ monthly savings, with a years readout.
- Lifetime interest of each loan (closing costs included) and the difference.
- Flags when the new payment is higher and there is no monthly break-even.
🛡️ No tracking — your inputs, keys, and details never leave this client sandbox.