Financial Calculators
Refinance Calculator

# Refinance Calculator

This free and comprehensive refinance calculator can help you calculate monthly payments, amortization, total purchase price, and more.

Current Loan

New Loan

Cash Out and Cost

Refinance
Savings for the new loan $278.00/month lifetime savings for the new loan$83,400.00
upfront cost $6,583.26 CURRENT LOAN NEW LOAN DIFFERENCE Principal/Loan Amount$279,163.18 $273,579.92$-5,583.26
Length 300 months 300 months 0 months
Interest Rate 6% 4.5% 1.5%
Monthly Pay $1,798.65$1,520.65 $-278.00 Total Payments$539,595.00 $456,195.00$-83,400.00
Total Interest $260,431.82$182,615.08 $-77,816.74 Points Equivalent To$5,583.26

### Car Loan Refinance

To give you an example of a car loan refinance, let's consider you purchased a new $25,000 car at 7% interest over 60 months, with an estimated monthly payment of$495. This means the total cost to finance the car is $29,702. However, you have the opportunity to refinance the auto loan a year later. The new loan would be$20,673 at 5% over 48 months, with an estimated monthly payment of $476. The total cost to finance this loan would be$22,852, meaning the savings of refinancing your auto loan would be \$2,552 in total.