Refinance Break-Even Calculator | Divito Lending Florida

Your Current Loan

Current Loan Balance $300,000

$50K$2M

Current Interest Rate 7.5%

2%12%

Remaining Term 27 years

5 yrs30 yrs

Your New Loan

New Interest Rate 6.0%

2%12%

New Loan Term

Closing Costs $4,000

$0$20K

You break even on closing costs in

11 months

After that, every payment is pure savings.

Estimated Monthly Savings

$364

Lower payment vs. your current loan

Current Payment$2,162

New Payment$1,799

Break-Even11 months

Lifetime Savings$126,878

Start My Refinance — Apply Now → Speak With an Advisor

This calculator provides estimated payments for illustration purposes only. Actual rates, closing costs, and savings depend on credit score, loan-to-value, property type, and lender terms. Contact us for a personalized refinance quote.

💡 Pro Tips

A shorter break-even means you keep more if you sell or move sooner
Extending your term lowers your payment but can raise total interest paid
Refinancing into a 15-year term builds equity faster despite a higher payment
Ask us about no-closing-cost refinance options to break even on day one

Refinance the Smart Way

Calculators Estimate. We Deliver.

This break-even calculator gives you a solid starting point — but your actual savings depend on credit score, loan type, and closing costs. We shop 50+ lenders to find your lowest rate.

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50+ Lenders Compared

We shop dozens of lenders simultaneously to compare competitive refinance options for your profile.

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Lower Than One Bank

Banks only offer their own products. As a broker, we bring competition to your refinance.

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Pre-Approval in 24 Hours

Know your real refinance rate and savings before you commit — fast and at no cost to you.

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Real Humans, No Robots

Talk to a licensed mortgage advisor 7 days a week, 9AM–9PM. We answer your calls.

Get My Real Rate →

No credit pull required for pre-qualification

Should You Refinance?