Know exactly when your refinance pays off
A refinance only helps if you stay long enough to recover the closing costs. RefiBreak shows the exact month your savings overtake the fees — no account, no upload, everything runs in your browser.
Break-Even Calculator
Loan balance, old vs new rate and term, closing costs — see your break-even month and a crossover chart.
Closing Costs Estimator
Estimate total refinance fees from your loan amount and a fee percentage.
Cash-Out Break-Even
Model a cash-out refinance and see when the rate drop recovers the costs.
Should I Refinance?
A plain-English decision framework plus a break-even calculator.
How it works in three steps
Enter your loan
Drop in your balance, current and new rate, term and closing costs — or your cash-out amount.
See the math
We compute both payments with the standard amortization formula and the exact break-even month.
Decide with confidence
Compare that month to how long you will stay, then take the calculator to your lender.
Why break-even matters
Every refinance costs money up front — appraisal, title insurance, origination and recording fees. A lower rate saves you each month, but those savings have to overtake the closing costs before the refinance actually helps. The month that happens is your break-even point.
If you sell or refinance again before that month, you never recover the fees. If you stay well past it, the lower payment puts money back in your pocket every single month. This site does one job: it tells you exactly where that line sits for your own numbers.
Three ways to run the numbers
The break-even calculator is the core tool: it tells you the exact month your savings overtake the fees. If you are still shopping for a rate, the closing-costs estimator shows how much the fees themselves might be. And if you want to pull cash out of your home, the cash-out calculator models that separately, because taking money out changes the loan size and therefore the payment.
What to do with the result
Once you know your break-even month, compare it to how long you expect to keep the home. A comfortable gap means the refinance is likely worth the paperwork. A gap measured in months, or a break-even that lands after your planned move, means you should probably hold off. The “Should I refinance” page walks through that decision in plain language.
Built to be safe and private
Everything runs in your browser. You do not create an account, and nothing you type is uploaded to a server. That keeps the tool fast, free, and private — and it means the numbers you see reflect exactly what you entered, not a generic average scraped from somewhere else.