Mortgage Refinance Break Even

How long will it take to break even on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator to sort through the confusion and determine if refinancing your mortgage is a sound financial decision. Click the "View Report" button for a detailed look at your records.


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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Disclaimer
Schneider Downs Wealth Management Advisors, LP (SD Wealth Management) is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC). As a registered investment advisor, SD Wealth Management and its employees are subject to various rules, filings and requirements. In addition, SD Wealth Management may only transact business in states in which it is registered or in states which we qualify for an exemption or exclusion from the registration requirements.
 
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