Rates dropped — should you refi? This runs the honest math: monthly savings versus closing costs, and the exact month the refinance starts paying you back. No banker spin.
The deal you already have. Be honest about the remaining term — it changes everything.
Drag the new rate and watch the break-even move live. That’s the whole game.
Annual, all-in, no romance. Computed month-by-month against the loan you already have.
Points are prepaid interest: you hand the lender cash at closing (1 point = 1% of the loan) and they hand you a lower rate. Points only make sense if you keep the loan long enough for the monthly savings to repay them — that’s exactly what the break-even month above tells you.
Lender credits are the mirror image: the lender covers your closing costs, but charges you a higher rate to do it. A “no-closing-cost refi” isn’t free — you pay for it every month for years. Use the toggle above and compare honestly.
Rule of thumb this tool enforces: never pay points you won’t outlive. If the break-even month lands after your horizon, the points were a donation.
Log offers as rates move. Compare them side by side when it’s time to pull the trigger.
No watches yet. Dial in an offer above and save it.