Calculator
Refinance break-even
Compares your current P&I to a new loan at the desk 30-year average. Closing costs are recovered only if the new payment is actually lower — many 2021–2022 borrowers will not refinance at 7.40%.
Monthly change
+$652
payment would rise
Current P&I
$1,564
New P&I
$2,216
Break-even
Never
Rule of thumb
Stay put
Common questions
- Should I refinance at the latest published rates?
- The survey 30-year is 7.40%. A common screen is at least 50–75 basis points below your current rate and a break-even inside three years. If you locked near 3%, this desk will usually tell you to wait.
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