Refinance Break Even With Pmi Calculator

Refinance break-even that includes monthly PMI/MIP in the payment comparison — not a full FHA/conventional MIP rules engine.

Current balance

Current rate (% APR)

Months left

New rate (% APR)

New term (months)

Closing costs

Cash-out amount

Roll closing costs into loan

Current PMI / MIP ($/mo)

New PMI / MIP after refi ($/mo)

Assumptions

Monthly savings = (current P&I + current PMI) − (new P&I + new PMI).
Break-even = cash closing costs ÷ that monthly savings.
PMI cancellation timing is not simulated here — enter the PMI amounts you expect to pay each month.
Estimate only — not a lender quote.

Engine: refinanceBreakEvenWithPmi. Numbers are estimates only.

What does break-even mean here?

Roughly how many months of payment savings it takes to recover cash closing costs (or similar upfront costs).

Should I refinance?

This tool only estimates payment math. Taxes, credit, fees, and how long you will keep the loan also matter — talk to a qualified professional.

Are taxes and insurance included?

Usually not unless a field asks for them. Most pages compare principal & interest (and optional PMI) only.

Estimates only. See Disclaimer.