Refinance Break-Even Calculator
Compare current and new loan terms on Jenzzy to see monthly savings and months until closing costs are recovered.
Inputs
Results
Enter values to see results.
Formula
Break-even months = Closing costs / Monthly savings
Divide upfront refinance fees by the reduction in monthly payment to estimate recovery time.
Example
- Monthly savings: $150
- Break-even: 4500 / 150 = 30 months= 30 months
Result: Break even in 2.5 years
Frequently Asked Questions
Include rate and term changes?
Yes—lower rate with longer term may cut payment but add total interest.
Cash-out refinance?
Higher balance reduces net savings—use new payment in the math.
When not to refinance?
If you plan to move before break-even, savings may not materialize.