What is a break-even point?
The break-even point will tell you how long it will take to start seeing the benefits of refinancing your mortgage.
You can calculate this point by dividing your closing costs by the monthly savings from your new payment.
The break-even point will tell you how long it will take to start seeing the benefits of refinancing your mortgage.
You can calculate this point by dividing your closing costs by the monthly savings from your new payment.
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