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Break Even Length:
How long it takes for your refi savings to cover the cost of doing the refinance.
Measured in months.
Example:
If refinancing saves you $150/month, and closing costs were $3,000—
your break-even is 20 months.
Useful for deciding if a refi is worth it based on how long you plan to keep the property.
Monthly Savings:
How much less (or more) you’ll pay each month after refinancing.
Formula:
Old payment – new payment = monthly savings
Positive number = money back in your pocket
Negative number = higher monthly cost (even if the rate dropped)
Helps you see if the refi makes sense for your monthly budget.
Total Savings:
What you’ll save over the life of the loan by refinancing.
It factors in:
- Lower monthly payments
- Minus closing costs
This is the big picture number—the long-term gain (or loss) from your refi move.
Use of this calculator signifies your acceptance of Permanent PTO’s Terms of Use and the conditions set forth below. Calculations are based on a 31-day month. The calculators provided by Permanent PTO are intended solely for informational and educational purposes and do not constitute investment advice. Permanent PTO advises users to consult with a qualified real estate professional prior to making any investment decisions. The results generated by these tools are estimates and may not reflect the actual performance of your investments. Permanent PTO shall not be held liable for the consequences of any decisions or actions taken based on or as a result of the information provided by these calculators.
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