Refinance Loan Calculator
Does refinancing pay off?
Your figures stay on your computer — no server, no tracking, no registrationTry: Current balance=18000, Old APR=7.5, Months remaining=48, New APR=4.9, Closing fee=400 → $435, $414, $22, $400, $632, 18.6
How to use
Compare your current loan against a new, lower rate including the closing fee. The calculator shows monthly savings, lifetime savings and the payback period.
Formula
Net save = old interest − (new interest + fee); payback = fee / monthly save.
FAQ
When is it worth it?
If payback is under a year or two and you keep the loan, usually yes.
Watch the new term
Resetting to a long term can erase savings; match the remaining months.
Related calculators
Auto Loan CalculatorCar Loan Calculator with Trade InCar Loan Calculator with Down PaymentUsed Car Loan CalculatorNew Car Loan CalculatorCar Loan Amortization CalculatorAuto Loan Payoff CalculatorAuto Loan Early Payoff CalculatorAuto Loan Interest CalculatorCar Loan Payment CalculatorLoan Calculator with Trade In and TaxesLoan Calculator with Down Payment and Trade InStudent Loan CalculatorStudent Loan Payoff CalculatorStudent Loan Payoff Calculator by DateStudent Loan Interest CalculatorStudent Loan Amortization CalculatorStudent Loan Payment CalculatorPersonal Loan CalculatorPersonal Loan Calculator with AmortizationPersonal Loan Monthly Payment CalculatorDebt Consolidation Loan CalculatorSmall Business Loan CalculatorLoan Amortization CalculatorLoan Amortization Schedule with Extra PaymentsAmortization Schedule Extra PrincipalLoan Payoff CalculatorEarly Loan Payoff CalculatorLoan Interest CalculatorLoan Payment CalculatorRemaining Loan Balance CalculatorBiweekly Loan Payment CalculatorSimple Interest Loan CalculatorMotorcycle Loan CalculatorRV Loan CalculatorBoat Loan CalculatorSolar Loan CalculatorHome Improvement Loan CalculatorLoan Calculator with Balloon PaymentLoan Comparison CalculatorLoan Calculator with APRFixed Rate Loan CalculatorVariable Rate Loan CalculatorLoan Calculator with PrepaymentLoan Deferment CalculatorLoan Calculator by Monthly PaymentLoan Term CalculatorLoan Calculator with PMILoan Calculator with Fee