Refinance Breakeven Point

Loan balance
Monthly payment
Interest rate
Refinancing rate
Refinance term loan (years)
Any closing costs?
Finance the closing costs?
Please, Enter all values correctly.
Monthly payment if you refinance
Monthly payment reduction
Length of time to recoup any closing costs
Interest you will pay under your current loan
Interest you will pay if you refinance
Interest saved if you refinance
Your net refinancing savings