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Refinance Breakeven Calculator

Use this refinance calculator to determine your break-even point and if refinancing is right for your situation

How long will it take to break even on a loan refinance? That depends on a multitude of factors, including your current interest rate, the new potential rate and closing costs. Use this calculator to help determine if refinancing your loan is a sound financial decision. Enter the relevant financial information, then click the "View Report" button for a detailed look at the results.

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

This calculator is intended for informational purposes only and is not intended to provide today’s actual rates or terms.
Your actual results may vary.

Learn more about refinancing your mortgage with Citizens Bank

Choosing to refinance your mortgage is a decision that requires your due diligence. After you’ve run several scenarios using our refinance breakeven calculator, learn more about how refinancing works. Familiarize yourself with the mortgage refinance process, then speak one of our Home Loan Advisors to determine if refinancing is right for your situation.



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All accounts are subject to individual credit approval.

Mortgages and Home Equity Loans are offered and originated by Citizens Bank, N.A. (NMLS ID# 433960).