refinance break even calculator
5 Mortgage Rates Hacks To Cut Refinance Break‑Even
An 11-basis-point drop from 6.85% to 6.74% cuts the refinance break-even horizon by roughly six months for a $450,000, 30-year mortgage. The new rate lowers annual interest by about $4,950, making the savings threshold more attainable. I explain how to calculate the new break-even point and