Refinancing only makes sense if you stay in the home long enough to recover the closing costs. Find out exactly when you break even.
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Your Refinance Breakeven Point
— months
—
Monthly Savings
$0
Per month
Closing Costs
$0
To recover
Total Savings
$0
Over stay period
💡 The 2% rule of thumb: Refinancing generally makes sense when you can lower your rate by at least 0.5–1%. But the real question is always: how long until I break even? If you're selling in 3 years and breakeven is 4 years away — it's not worth it.