https://ratedial.net/tags/act-or-wait/ Recent content in Act-or-Wait on RateDial — Consumer Credit Rates, Dated Hugo en Sun, 08 Nov 2026 00:00:00 +0000 https://ratedial.net/refinancing/refinance-personal-loan-break-even/ Sun, 08 Nov 2026 00:00:00 +0000 https://ratedial.net/refinancing/refinance-personal-loan-break-even/ <h1 id="personal-loan-refinance-the-break-even-month-from-fee-and-rate">Personal Loan Refinance: The Break-Even Month From Fee and Rate</h1> <p>The quote arrives with a rate and no month. A $30,000 personal loan at 15.99% APR, 60 months, 24 payments made: payoff $20,749.33, payment $729.38. Refinance it at the 12.36% index a 700-score borrower is quoted today<sup id="fnref:1"><a href="#fn:1" class="footnote-ref" role="doc-noteref">1</a></sup>, on the same 36 months the old loan has left, and the payment drops $15.21. The fee is $622.48. The break-even is month 41 - five months past the payoff date of the loan being refinanced. A lower rate is not a refi - the break-even is. This article computes the month, the payoff shift and the cost from dated inputs, and says act or wait.</p>