Refinance Payment Calculator
Compute your refinance payment amount based on the principal amount borrowed, the length of the loan (term) and the annual interest rate (APR).
Refinancing could save you
{{new_payment_saved | format_money}}/mo {{lifetime_savings | format_money}}
Sorry, refinancing will not save you money
Monthly Savings
{{new_payment_saved | format_money}}/moNew Payment
{{new_payment | format_money}}Break Even
{{break_even}} {{'Month' | pluralize(break_even)}}Costs
{{fees | format_money}}Lifetime Savings
{{lifetime_savings | format_money}}Amortization
Hover over chart to see how your payments change over time for your {{new_loan.term | monthsToYearString}} loan term
Full Payment Schedule
Refinancing could save you {{new_payment_saved | format_money}}/mo {{lifetime_savings | format_money}}
ESTIMATED PAYMENTLoan Amount: {{current_loan.amount | format_money}}Interest Rate: {{current_loan.interest_rate}}% Origination Year: {{current_loan.year}} # of Payments: {{current_loan.term}} | NEW LOANLoan Amount: {{new_loan.amount | format_money}}Interest Rate: {{new_loan.interest_rate}}% # of Payments: {{new_loan.term}} Refinance fees: {{fees | format_money}} Roll Fees: {{roll_fees_into_loan ? 'Yes' : 'No'}} | ||||
Over {{new_loan.term}} months you will spend {{total_interest | format_money}} in interest. | |||||
Schedule of Payments
Please allow for slight rounding differences.
| Pmt # | Pmt Date | Principal | Interest | Payment | Balance |
|---|---|---|---|---|---|
| {{item.pmt_no}} | {{item.date}} | {{item.principal | format_money}} | {{item.interest | format_money}} | {{new_payment | format_money}} | {{item.remaining | format_money}} |
| Total | {{item.year}} | {{item.accumulated_year_prin | format_money}} | {{item.accumulated_year_int | format_money}} | ||
| Grand Total | {{item.accumulated_prin | format_money}} | {{item.accumulated_int | format_money}} | {{item.accumulated_pmt | format_money}} | ||
