Breakeven Bench checklist
Questions to ask a lender
On the bench
Ask each lender for the figures behind breakeven, in writing.
Last reviewed against the primary sources listed below.
Costs
- What are the total closing costs, including points?
- Are any costs rolled into the new loan?
Savings
- What will my new principal and interest payment be?
- What term does the new loan have?
Options
- Do you offer a no-closing-cost version, and at what pricing?
How to use the answers
Enter each answer into the breakeven bench.