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Refinance Breakeven
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This calculator should be used to determine the number of months required to break even when refinancing a mortgage.
Information on Your Current Mortgage:
Original Amount Financed:
Number of Months:
Interest Rate:  %
Months Paid to Date:
   
Information on Your Proposed New Mortgage:
Number of Months:
Interest Rate:  %
Number of Points:
Closing Costs Paid in Cash:
   
Information on You:
Investment Annual Yield Rate:  %
Income Tax Rate:  %


Refinance Calculations:
Current Monthly Payment:
Current Mortgage Balance:
Cash Amount of Points Paid:
Total Closing Costs:
(Cash plus points)
New Loan Amount:
(Current Balance + Points Financed)
New Monthly Payment:
Break-Even Month:
Break-Even Month:
(Accounting for Tax Savings)
 
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