MarketPathAcademy

Home loan refinance break-even

When the savings from a lower rate repay the cost of switching your home loan.

What you enter

  • Outstanding loan
  • Current rate
  • Remaining tenure
  • New rate
  • New tenure
  • Switching costs (processing, legal, valuation)

How this is calculated

  • Monthly saving = current EMI − new EMI.
  • Break-even month = switching costs ÷ monthly saving.
  • Lifetime saving = interest on the current loan − interest on the new loan − switching costs.

More in this category

⌂ Mortgage payment (PITI)⚖ Rent vs buy▦ Rental property ROI

These calculators show illustrative outcomes only. Returns are not guaranteed. Tax rules and rates change; verify them before acting. Nothing here is financial, tax or legal advice.