Refinance Calculator
Compare your current loan against a refinance offer and find the break-even point.
Assumptions used in this calculation
- Costs excluded: Break-even is based only on the closing costs you enter, it doesn't add any prepayment penalty your current loan may charge for paying it off early.
- Tax effects ignored: The comparison uses pre-tax monthly payments, it doesn't account for any tax deduction you may be claiming on your current loan's interest.
About this calculator
The refinance calculator compares your current loan's remaining payments against a new refinanced loan (including closing costs), and finds how many months it takes for the savings to offset those costs.
Worked example
9%→7.5%, ₹50,000 closing costs
Result: Break even in ~29 months
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