Decision planning
Refinance Break-Even Planner
Compare current and proposed principal-and-interest payments, costs, and a simple break-even period without pretending that payment savings alone settle the decision.
Planning estimate
- Current P&I payment
- $2,465
- Proposed P&I payment
- $2,173
- Monthly payment change
- $291 lower
- New starting balance
- $353,000
- Simple cash-cost break-even
- 18 months
What this estimate includes—and leaves out
The tool uses only the figures entered and performs calculations in the browser. Smart Homeowners does not receive, save, or transmit the entries. It does not retrieve current rates or determine eligibility.
Actual payments and costs can differ because of daily-interest conventions, rate changes, loan features, mortgage insurance, taxes, insurance, association charges, fees, credits, servicing rules, rounding, and timing.
Not an offer or advice: This educational estimate is not a Loan Estimate, Closing Disclosure, appraisal, approval, credit decision, tax opinion, or recommendation. A loan secured by a home can put the property at risk if payments cannot be made.