Whether a refi is actually worth it: your new payment, what you save each month, and the exact month your closing costs pay for themselves.
Break-even is the number that decides this. Closing costs divided by monthly savings gives you the month the refi starts actually making you money. Sell or move before that month and you paid thousands in fees for nothing — don't refinance if there's a real chance you'll move before break-even.
Watch the interest stat too. A lower payment on a fresh 30-year term can still mean more total interest, because you reset the clock on a loan you'd already been chipping away at. If that number shows "extra" instead of "saved", the lower payment is stretched-out debt wearing a disguise.
Estimates are for education, not financial advice. Your lender's exact numbers may differ slightly.
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