Notes: Savings are based on P&I (escrows typically don’t change with a refi). Break-even uses total costs (points + fees + other). Points are calculated on the new base (balance + cash-out).

Interest remaining on current = (current P&I × remaining months) − current balance. Interest on new = (new P&I × new term months) − new loan amount. Break-even = total costs ÷ monthly P&I savings (if savings > 0).