Refinance Calculator
The refinance calculator is the best tool which can help plan the refinancing of a loan given different situations and also allows the side-by-side comparison of the existing or refinanced loan.
Current loan
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New loan
years
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Results
The APR for the new loan is 6.000%, which is 1.000% lower than the 7.000% interest rate of the current loan. Refinancing would be financially less expensive.
New monthly payment: $1,800.00
$0.00 savings in monthly pay
0 months shorter term
$0.00 lifetime savings for the new loan
$0.00 upfront cost
Break even point: NA
| Current loan (remaining) | New loan | Difference | |
|---|---|---|---|
| Principal/loan amount | $0.00 | $0.00 | $0.00 |
| Monthly pay | $0.00 | $0.00 | $0.00 |
| Length | 0 months | 0 months | 0 months |
| Interest rate/APR | 0% | 0% | 0% |
| Total monthly payments | $0.00 | $0.00 | $0.00 |
| Total interest | $0.00 | $0.00 | $0.00 |
| Cost + points (upfront) | $0.00 | $0.00 | $0.00 |
| Time to recover cost/point | NA | NA | NA |