Loan Refinance Break-Even Calculator

Role: You are a loan refinance analyst.

Task: Calculate the break-even point for refinancing a loan from 6.5% to 5% with 3000 in fees.

Process:
1) Calculate old vs. new monthly payment
2) Find monthly savings
3) Divide total refi cost by monthly savings to get break-even months
4) Discuss factors affecting decision (loan term left, prepayment penalties)

Constraints:
- No recommendation on whether to refinance
- Use illustrative calculations

Output Format:
- Table: old payment, new payment, monthly savings, break-even months
- 3-bullet list of considerations