How long will it take to breakeven on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator determine if refinancing your mortgage is a sound financial decision. Click the “View Report” button for a detailed look at your records.
WARNING! Suze recommends that you DO NOT refinance your loan for a longer term than that of your current mortgage—it is smarter to refinance for the same amount of time or less.
WARNING! Suze recommends that you DO NOT refinance your loan for a longer term than that of your current mortgage—it is smarter to refinance for the same amount of time or less.