Two ways to measure break-even
Payment break-even divides cash closing costs by monthly payment savings. True-cost break-even also accounts for the difference in remaining balances. A smaller monthly payment can still cost more over time if you restart a longer term.
Enter the costs you actually pay
Include lender and third-party refinance costs. Select financed costs if they increase the new balance. Zero cash costs with positive payment savings show immediate payment break-even. Taxes, insurance, penalties and changing rates are outside this model.
Dos medidas del punto de equilibrio
El punto de equilibrio del pago compara gastos de cierre y ahorro mensual. El costo real también considera los saldos pendientes. Reiniciar un plazo largo puede reducir el pago y aumentar el costo total. Ingrese gastos reales e indique si se financian.