Texas Buyer Tool
Refinance Break-Even Calculator
See how long it takes to earn back the closing costs of a Texas refinance — and your total lifetime savings.
Your inputs
Break-even point
16 months
~1.3 years to recoup costs
Current monthly P&I
$2,032
New monthly P&I
$1,686
Closing paid in cash
Monthly savings
$346
Lifetime savings
$70,224
vs. keeping current loan
Alternative: roll closing costs into the loan
New payment if you finance the closing costs: $1,718 — no out-of-pocket cash, but slightly higher monthly payment and more total interest.
Break-even assumes you stay in the home and don't refinance again. Texas cash-out refinances are governed by Section 50(a)(6) and have a 2% fee cap on certain costs — confirm with a licensed Texas lender.