This framework walks through the core variables that determine whether a refinance makes sense in a given rate environment: spread capture, breakeven period, and remaining hold horizon.
It includes worked examples for both 223(a)(7) streamline and full 223(f) refinances, showing how supplemental proceeds change the breakeven calculation.
A companion worksheet lets you plug in your own loan terms to model breakeven under multiple rate scenarios.
Download the full whitepaper for the complete framework, worked examples, and worksheet.