mtgcalculator

Refinance & rate-buydown tools

Two calculators in one: a clean refinance break-even, plus a tool that compares discount points, a bigger down payment, and just investing the cash — against the same dollar amount.

Refinance break-even calculator

Tells you how many months your monthly savings need to cover closing costs before refinancing pays off.

Current loan

What you owe today and the loan you started with.

New loan & refinance costs

Quote from your Loan Estimate: new rate, term, and cash due at closing.

Monthly savings

$353

Break-even

1 yr 5 mo

Lifetime savings

$68,701

Points vs bigger down payment vs invest the cash

Same dollars, three choices. We compute monthly payment, total interest, and a fair break-even horizon assuming you would otherwise invest the cash.

Purchase & baseline loan

Price, down payment, starting rate, and term before you allocate extra cash.

Extra cash & trade-offs

How discount points are priced, and the return you assume if you invest the cash instead.

Choice Up-front cash Monthly P&I Total interest Net 30-yr value
Baseline$80,000$2,023$408,142

Net 30-yr value = (savings on interest vs. baseline) − (opportunity cost of the cash growing at your investment return). The highest number wins.