Refinance break-even:
the math that decides
Every refinance pitch shows monthly savings. The number that decides is when those savings pay back the cost.
By Dawn M. Muñoz · Stonehaven Lending · Updated August 13, 2026
Closing costs divided by monthly savings = your break-even month. Stay past it, you win; leave before it, you lost money. Run yours in the refinance calculator.
What actually counts as cost
Lender fees, title, appraisal, recording. Escrow prepaids (taxes and insurance you'd owe anyway) don't count. Your Loan Estimate itemizes it.
Costs in the rate are still costs
A "no-cost" refinance builds the costs into the loan - you pay monthly, not upfront. Short stay: can win. Long stay: quietly loses.
The structural refinance
Shortening the term, cash-out, dropping mortgage insurance, fixing an adjustable loan - these need a real side-by-side, which a specialist prepares.
Ask the stay question first
How long will you realistically keep this home - and this loan? The most expensive refinances are good loans attached to wrong assumptions about time.
Get your refinance read honestly
A specialist replies within one business day with your break-even and a plain recommendation.