September 14th, 2025 9:31 AM by Sam Kader NMLS# 130505
Quick take: The deciding factor is your break-even—how long it takes monthly savings to repay upfront costs. If you expect to keep the home and the loan beyond that point, a refinance can be worthwhile; if not, you may spend more than you save.
Formula: Break-even (months) = Total closing costs ÷ Monthly savings
Break-even (months) = Total closing costs ÷ Monthly savings
Use your own quotes to plug into this math and compare across lenders.
For prospective buyers, the decision to act now or wait often comes down to affordability and long-term plans. With mortgage rates trending lower but home prices still elevated, many experts suggest buying now and refinancing later may provide a better balance of opportunity and protection against rising prices.
Curious whether refinancing makes sense for you? Run your own break-even analysis—or contact Pacific Coast Financial for a personalized review.