Refinance Breakeven Action Report
Key outcomes
Current monthly payment: $2,188.77
New monthly payment: $1,905.37
Monthly savings: $283.40
Break-even months: 23 months
Lifetime interest (current): $362,895.63
Lifetime interest saved: $3,464.10
Recommendation
Refinance pays back within 3 years. If you plan to stay, this is a strong candidate.