Refinance Calculator
Break-Even Analysis
Calculate your penalty, monthly savings, and time to break even on a commercial refinance.
Current Mortgage
$
New Mortgage
Penalty Calculation
3-Month Interest$5,750
IRD Penalty$11,520
Selected Penalty$11,520
Refinance Costs
Penalty$11,520
Legal Fees$1,500
Appraisal$500
Discharge Fee$350
Total Costs$13,870
Refinancing Makes Sense
Monthly Savings
$9,834
Break-Even
2 months
5-Year Net Savings$576,160