Refinance Savings: See How Much You Save

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Refinance for a lower rate and estimate your monthly savings. Find out how long it takes to break even on costs like appraisal, title, and origination fees.

Last update Oct 2024
  • Scenario 1: Cost of current mortgage
  • Scenario 2: Cost of refinancing
  • Which One Is Higher (%)

This chart shows the total cost of two options, adjusted for inflation. Look for the cross-over point where your savings surpass refinancing costs. You’ll need to stay in the home for this many years to break even and start saving.

# Years from Now
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A =

B =

C =

D =
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Time Value Assumptions

Heads Up!

If you're using Cost Basis (cb) for calculating capital gains:

Please be aware that very few countries currently use inflation-indexed cost basis. Double-check your local tax rules before publishing.

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How is Cash Value calculated?

Add up the inflation-adjusted cost of mortgage principal and mortgage interest.

Calculations

(Expressions are evaluated at every year.)

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