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How To Calculate The Break-Even Point When Refinancing

8 Min Read
Published Nov. 26, 2024

Homeowners usually refinance to save money with a lower interest rate or a new loan term that reduces the monthly payment. However, to get those savings, you must pay closing costs between 3% and 6% of the loan amount. A key way to figure out if the savings are worth the cost is to calculate […]

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