Refinance Break-Even Calculator 6.5% to 5.75%

Refinance break-even at 6.5% to 5.75% — see how many months to recover closing costs. Free calculator.

Runs in your browser — your loan balance and payment figures stay on this page

Try: Loan amount=300000, Current rate=6.5, New rate=5.75, Loan term (years)=30, Closing costs=6000 → $1,896, $1,751, $145, 41.24 mo, 3.44 yr

How to use

This preset models a $300,000 loan dropping from 6.5% to 5.75%. Change the loan amount, term or costs above to match your own refinance.

A 0.75% rate drop lowers the payment, but you only win if you stay long enough to recover the closing costs.

FAQ

What is a refinance break-even point?

It is how long it takes for your monthly savings to repay the closing costs. After that point, the refinance starts putting money in your pocket.

Why do closing costs matter?

Even a lower rate costs money upfront (fees, appraisal, title). If you sell or refinance again before breaking even, you may lose that money.

Is a lower rate always worth it?

Not always. A small rate drop with high fees can take many years to pay back. This calculator shows the months so you can decide.

Related calculators

Refinance Break-Even Calculator 6% to 5.75%Refinance Break-Even Calculator 6% to 5.5%Refinance Break-Even Calculator 6% to 5.25%Refinance Break-Even Calculator 6% to 5%Refinance Break-Even Calculator 6% to 4.75%Refinance Break-Even Calculator 6% to 4.5%Refinance Break-Even Calculator 6% to 4.25%Refinance Break-Even Calculator 6% to 4%Refinance Break-Even Calculator 6% to 3.75%Refinance Break-Even Calculator 6% to 3.5%Refinance Break-Even Calculator 6.5% to 6.25%Refinance Break-Even Calculator 6.5% to 6%Refinance Break-Even Calculator 6.5% to 5.5%Refinance Break-Even Calculator 6.5% to 5.25%Refinance Break-Even Calculator 6.5% to 5%Refinance Break-Even Calculator 6.5% to 4.75%Refinance Break-Even Calculator 6.5% to 4.5%Refinance Break-Even Calculator 6.5% to 4.25%Refinance Break-Even Calculator 6.5% to 4%Refinance Break-Even Calculator 7% to 6.75%Refinance Break-Even Calculator 7% to 6.5%Refinance Break-Even Calculator 7% to 6.25%Refinance Break-Even Calculator 7% to 6%Refinance Break-Even Calculator 7% to 5.75%Refinance Break-Even Calculator 7% to 5.5%Refinance Break-Even Calculator 7% to 5.25%Refinance Break-Even Calculator 7% to 5%Refinance Break-Even Calculator 7% to 4.75%Refinance Break-Even Calculator 7% to 4.5%