🔄 Loan Refinance Calculator

Calculate potential savings from refinancing your loan and determine if refinancing makes financial sense

Enter your loan information to calculate payments

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Extra Monthly Payment ($)

• Make extra principal payments to reduce total interest

• Consider bi-weekly payments instead of monthly

• Shop around for the best interest rates

• Improve your credit score before applying

• Results are estimates for comparison purposes

• Actual rates may vary based on credit and lender

• Consider additional costs like insurance and taxes

• Consult with financial advisors for major decisions

1. Enter current loan balance and rate

2. Input new loan terms and rate

3. Add refinancing costs and fees

4. Calculate monthly payment savings

5. Analyze break-even timeline

6. Compare total interest costs

✓ Monthly payment comparison

✓ Break-even analysis