Prompt · Finance

Refinance Math

Compares refinancing offers and finds the real break-even month.

Have ready: Fill in current loan and refinance offers

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Your prompt

Should I refinance? Compare my current loan against these offers.

Current: balance $[X], rate [X]%, [X] years left, monthly payment $[X]
Offer A: rate [X]%, term [X] years, closing costs $[X]
Offer B: rate [X]%, term [X] years, closing costs $[X]
How long I plan to stay: [X] years

For each offer: new monthly payment, monthly savings vs current, total interest over the full term, and the break-even month where savings exceed closing costs. Factor in my time horizon, if I won't stay past break-even, say so. Recommend the best option or tell me to keep the current loan.

Paste it into Muse or any assistant. Blank fields stay as [brackets].

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