Refinance Break-Even — When Does Refinancing Actually Pay Off?

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About this tool

Refinancing makes sense only when monthly savings recover the closing costs before you move or repay: $2,500 in costs ÷ $180/month saved ≈ 14 months to break even. This calculator runs that math and flags the verdict — including the often-ignored catch that a new 30-year term can still cost more lifetime interest even at a lower rate.

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