Vehicle Refinancing Calculator

This calculator will help you to decide whether or not you should refinance your current auto loan at a lower interest rate. This calculator will calculate the monthly payment and net interest savings on your automobile loan

Input Your Remaining Principal, Loan Term & Interest Rates

The principal balance of your auto loan:
(call your lender and ask for the current payoff amount)
Your monthly car payment (Principal & Interest):
Your current interest rate:
Your refinance interest rate:
Enter the number of months you will be refinancing for:

Your Car Refinancing Loan Summary

How much your monthly payment will be if you refinance:
Monthly Payment Reduction:
# of months for interest savings to offset closing costs:
Total interest cost under your current loan:
Total interest cost under your refinanced loan:
How much interest you will save by refinancing:

 

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