Car Refinance Calculator

Your details

The unpaid principal remaining on your current car loan - check your latest statement.
The annual percentage rate (APR) on your current loan.
%
How many monthly payments you have left on your current loan.
months
The APR on the refinance offer you are considering.
%
The length of the new loan. Keeping the same remaining term avoids stretching out repayment.
months
Origination fees, title transfer, or other closing costs rolled into the calculation.
Currency
Monthly savingsModest savings
$25.05

Reduction in monthly payment after refinancing

New monthly payment$418.62
Current monthly payment$443.67
Total interest saved$1,202.54
Current total interest$3,296.13
New total interest$2,093.59
Break-even period0months
Current loan$3,739.80
Refinanced loan$2,512.21

Interest saved: $1,202.54

  • Monthly payment
  • Total interest

Refinancing saves you $25.05/month.

  • Your monthly payment drops from $443.67 to $418.62, saving $25.05 per month.
  • You save $1,202.54 in total interest over the life of the loan.

Next stepConsider whether the new rate is competitive with current market rates. Credit unions often offer lower auto loan rates than traditional banks.

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