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Mortgage Refinance Break-Even
How long will it take to break even on a mortgage refinance? That depends on a multitude of factors including your current interest rate, the new potential rate, closing costs and how long you plan to stay in your home. Use this calculator to sort through the confusion and determine if refinancing your mortgage is a sound financial decision. Click the 'View Report' button for a detailed look at your records.
Illinois Community Credit Union
These calculators are made available to you as informational and educational tools
for your independent use and are not intended to provide financial or investment advice.
These calculators are not offers, representations or warranties and do not describe any particular
products or services. Results depend on many factors, including the information you provide and we
do not guarantee their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
You should not take any action on the basis of the information provided through these calculators.
These calculators are not investment, legal, accounting or tax advice. Please consult with your
financial, investment, tax and/or legal advisors for advice regarding your personal circumstances.
