How it works
The tool compares principal-and-interest payments on the same balance and term, then divides closing costs by monthly savings.
Example
With the defaults, monthly savings recover $6,000 of costs in roughly 33 months.
This tool is for estimation and education, not financial, tax, or legal advice.
Frequently asked questions
Are the results exact lender quotes?
No. Results are estimates from the values entered and exclude terms or charges not shown.
Does the calculator send my numbers anywhere?
No. The calculation runs locally in your browser.
How should I use the result?
Compare scenarios, then verify important figures against a lender disclosure or account statement.
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