Refinance break-even
Compare payments at the old and new rate against the fees involved.
$
6.9%
5.4%
25 yr
$
Break-even
1 yr 1 mo
Saving per month
$245
- Current payment
- $1,856
- New payment
- $1,612
- Saving over the term
- $70,165
- Fees recovered by
- month 14
How this is calculated
- · Assumes the term stays the same.
- · Excludes early repayment charges.
Estimates only — not financial, tax or legal advice.