Loan Refinance Savings

Compare staying with your current loan versus refinancing the balance at a new rate and term.

Current balance ($)

Current rate (%)

Months remaining

New rate (%)

New term (months)

Refinance fees ($)

Monthly savings

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Lifetime savings (after fees)

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Current payment

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New payment

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Break-even (months to recoup fees)

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Extending the term lowers monthly payments but can increase total interest. Use lifetime savings to judge the true benefit.