Refi Strike Rate Calculator

Your strike rate is the specific interest rate where refinancing actually pays for itself. Enter your current loan and closing costs to find your number.

Your Current Loan

Current Loan Balance

Current Interest Rate

Years Left on Your Loan 27 years

3 yrs30 yrs

Your Current Payment (P&I) —

Enter a loan balance and current interest rate to calculate your strike rate.

Refinance Assumptions

Estimated Closing Costs

That's 1.50% of your loan balance.

Recoup Costs Within 36 months

12 mo36 mo60 mo

How fast you want the refi to pay for itself. Shorter windows demand a lower rate.

New Loan Term

Matching your remaining term is the true apples-to-apples comparison. Stretching back to 30 years lowers the payment but adds interest over time.

How You Pay Closing Costs

Your Strike Rate

Refinance Makes Sense At or Below

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Rate Scale

Strike

You're here

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Payment at Strike Rate

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Monthly principal & interest

Monthly Savings Needed

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To recoup costs in your window

Current payment —

New loan amount —

New loan term —

Closing costs —

Target breakeven —

Rate drop required —

If Rates Go Lower Than Your Strike Rate

Rate	New Payment	Monthly Savings	Breakeven

Now Let Us Watch For It

You have your number. Set a rate alert and we'll monitor the market for you, then reach out the moment a real rate at or below your strike rate is available for your situation.

Set My Rate Alert

This calculator is for illustrative purposes only and does not constitute a commitment to lend or a rate quote. Results assume principal and interest only and do not include taxes, insurance, mortgage insurance, or prepaid items. Actual rate, closing costs, terms, and availability are subject to credit approval and lender guidelines. Blake Weaver, NMLS 1783019 | Dream Key Lending, NMLS 2645838 | 3111 E Fandango Dr, Gilbert, AZ 85298 | 623-343-2727 | [email protected]