Testing a refinance against time: breakeven, term resets and total cost
Consumer sources
On the bench
Breakeven Bench relies on CFPB and Freddie Mac consumer guidance about refinancing, Loan Estimates and lender credits.
Last reviewed against the primary sources listed below.
Reviews
We compare pages with these sources and show the date reviewed at the top.
Consumer sources
- CFPB: What is a Loan Estimate?
- CFPB: Loan Estimate explainer
- CFPB: What is amortization? (explained with an auto loan example)
- CFPB: What is a prepayment penalty?
- CFPB: How should I use lender credits and points (also called discount points)?
- Freddie Mac My Home: Refinancing your mortgage
- Freddie Mac: My Home, owning