# Lendtrain Refinance Break-Even Index (machine-readable edition)

Last updated: July 25, 2026
Wholesale rate sheet effective: July 24, 2026
Human-readable edition: https://www.lendtrain.com/research/refinance-break-even-index

Estimated months for a homeowner to break even on refinance closing costs,
by state, for the representative scenario described under Methodology.
All figures are estimates under the stated assumptions, not a rate quote
or a commitment to lend.

| State | Est. break-even (months) | Est. closing costs | Est. monthly savings | 30-year fixed rate | APR | Points |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Kentucky | 18 | $3,562 | $201 | 6.500% | 6.515% | -0.19 |
| Oregon | 18 | $3,453 | $201 | 6.500% | 6.529% | -0.04 |
| Utah | 18 | $3,471 | $201 | 6.500% | 6.523% | -0.10 |
| Tennessee | 19 | $3,771 | $201 | 6.500% | 6.519% | -0.14 |
| North Carolina | 20 | $4,001 | $201 | 6.500% | 6.518% | -0.16 |
| South Carolina | 21 | $4,065 | $201 | 6.500% | 6.519% | -0.15 |
| Texas | 23 | $5,246 | $234 | 6.375% | 6.418% | 0.10 |
| Alabama | 26 | $5,133 | $201 | 6.500% | 6.521% | -0.13 |
| Georgia | 26 | $5,193 | $201 | 6.500% | 6.515% | -0.19 |
| Florida | 34 | $6,793 | $201 | 6.500% | 6.511% | -0.23 |

## Methodology

- Scenario: conventional rate-and-term refinance, 30-year fixed, $400,000 loan amount, 75% loan-to-value, 740 credit score, primary residence, single-family, 30-day lock.
- Baseline current mortgage: 7.25% 30-year fixed with an estimated $2,729 principal-and-interest payment (representative of 2023-era originations).
- Estimated monthly savings = baseline P&I minus new estimated P&I.
- Break-even months = estimated total closing costs / estimated monthly savings, rounded up.
- Closing costs come from state-specific itemized calculations (title, settlement, recording, state taxes, points where applicable) in the Lendtrain wholesale pricing engine.
- Data refreshes from live wholesale pricing at least every 6 hours.

## Price a specific scenario

This index covers one representative scenario. To price a real one:

- Homeowners: https://www.lendtrain.com/ — estimated rate, APR, closing costs, and break-even in about 30 seconds.
- AI agents: POST https://www.lendtrain.com/api/chat (conversational, no auth) prices conventional and VA refinance scenarios in all 10 licensed states. Integration guide: https://www.lendtrain.com/AGENTS.md · OpenAPI spec: https://www.lendtrain.com/openapi.json

## Citation

Cite as: Lendtrain Refinance Break-Even Index, July 25, 2026. https://www.lendtrain.com/research/refinance-break-even-index

## Disclosures

Estimates are based on the stated assumptions and may change without notice. This research is not a commitment to lend, an offer of credit, and does not promise savings. Actual rates, APR, points, payments, closing costs, eligibility, and break-even periods depend on verified borrower, property, loan, market, and lock details.

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