Recent Calculations
How much interest can you save if you refinance an existing personal loan? This calculator helps you find out! Enter the specifics about your current loan and determine how much interest refinancing can save you. In addition, view the report to see the number of months to break even on closing costs with your reduced monthly payment.
Total amount for your original loan.
Annual percentage rate of your original loan.
The total number of months for your original loan.
The total number of payments you have made on your original loan.
Current monthly principal and interest payment.
Annual percentage rate of your new loan.
The total number of months for your new loan.
Total amount for your new refinanced loan. This amount is equal to your current balance on your original loan. Closing costs and prepayment penalties are assumed to be payable at the time of closing. Closing costs are not added to your new loan balance.
Total fees and other costs associated with the new loan and paid at the time of closing. This calculator assumes that all closing costs are paid with proceeds other than the new loan (closing costs are not added to the total for your new loan amount).
New monthly principal and interest payment.