The Refi Break-even Calculator will show you an estimate of the amount of money you will save each month on your new mortgage, and how long it will take to break-even with refinancing costs.
To begin, go to the Calculators tab, select Refi Break-Even then click Add a Calculator.
Enter the name of the Refinance Break-Even Calculator and click Add.
Fill in the fields with the current and new mortgage information. Once you have entered everything, click Calculate.
A snapshot report of the results display. Click View Output for the full report on the analysis.
Click Download PDF to save or print the report.