Refinance Break Cost Analysis
Should you break your fixed rate? See if the savings outweigh the costs.
Your Numbers
Savings Analysis
Monthly Saving
$229.00
Total over 18mo
$4,122
Total Break Costs
-$8,850
Net Benefit / Cost
-$4,728
The break costs outweigh the rate saving over the remaining fixed period.
Break-Even Point
39 months