Cash-Out Refinance Break-Even Calculator
Cash-out refinance break-even calculator — see months to recover costs on a cash-out refi, free.
Runs in your browser — your loan balance and payment figures stay on this pageTry: Loan amount=300000, Current rate=6.5, New rate=6, Loan term (years)=30, Closing costs=6000 → $1,896, $1,799, $98, 61.51 mo, 5.13 yr
How to use
This preset models a cash-out refinance from 6.5% to 6.0% on a $300,000 loan. Change the rates, amount and costs above to fit your loan.
FAQ
How is a cash-out refi different?
You borrow more than you owe and take the difference in cash, so the new loan is larger. The break-even logic is the same.
Should I count the cash I receive?
The cash is not savings — it is new debt. Only the lower rate vs costs determines the break-even, which this calculator shows.