Refinance Break-Even Point Calculator

American Interbanc Home Mortgage Loans

Before refinancing, consider how long it will take for you to recover the costs associated with the refinance by the savings you receive from your new lower monthly payment. When the monthly mortgage payment savings “repay” the refinancing cost, that is called your “break-even point”. Often, the break-even point will take 2 to 3 years depending on the amount you save and the costs of the refinance. So if you plan on selling your home before your break-even point, refinancing might not be the right option. The output from the refinance calculator indicates the number of months it will take to break even on your refinance. If you need any assistance interpreting the results of this mortgage calculator, please call one of our Mortgage Loan Officers at 800-724-0004.

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We want you to feel confident about purchasing or refinancing your home. Our experienced loan specialists are here to answer any questions or to address any concerns you may have. Get in touch today to lock in your custom rate or to begin the application process.