Refinance Break-Even Calculator

Updated September 2026 · Rudy Flores

Enter your current loan, a possible new rate and the cost to refinance. You will see the monthly change, the months it takes to break even, and the total interest on both loans.

The Freddie Mac average 30-year rate is 7.03% this week, against 6.30% a year ago. On a $360,000 balance, each half point of rate moves the payment by about $122 a month.

A simplified planning model. It does not include cash-out, mortgage insurance or tax effects. Nothing here is a loan offer, a rate quote, tax or legal advice. Rates shown come from public data and change often.

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