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 clear
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
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