Strike Rate Estimator
Find out exactly what interest rate you need to refinance so that your monthly savings cover closing costs within 3 years.
1
Current Loan Balance$
2
Current Interest Rate%
Your Strike Rate
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break-even under 36 mo.
Monthly Savings
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at strike rate vs today
Payment Comparison (P&I)
Current payment
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Payment at strike rate
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Cumulative savings
Closing costs (2%)
Assumes a 30-year fixed loan. Closing costs estimated at 2% of loan balance. Strike rate is the rate at which cumulative monthly savings equal closing costs within 36 months. P&I only. Not a commitment to lend.