Loan Refinance

Use this calculator to compare the benefit of refinancing, extending the loan period, or keeping the current loan.

This tool helps answer :

  • Is it worth it to refinance a loan for a lower interest rate, with additional up-front loan fee?

Current Loan

Original loan amount
Original term (months)
Interest rate
Loan start date
Loan balance

New Loan

Loan amount
New term (months)  
Interest rate
Refinance fee

Refinance Decision

Current

New

Difference
Monthly payment
All future payment
All future interest

Future Monthly Payment Difference

Index

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