Loan refinancing calculator
Refinancing replaces an existing loan with a new one on better terms (lower rate, longer term, new amount). When it makes sense: new rate is 3+ pp below current, remaining term 12+ months. Factor in extra costs: early-closure fee on old loan (0-1% of balance), new origination fee…
Refinancing calculator
Compare your current loan with a new offer. The calculator shows how much you'll save (or overpay) by refinancing.
Refinancing makes sense when the rate gap is ≥ 3 percentage points and remaining term is ≥ 12 months. Factor in early-closure fees (typically 0-1%) and new loan origination fees (1-3%).
Refinancing replaces an existing loan with a new one on better terms (lower rate, longer term, new amount). When it makes sense: new rate is 3+ pp below current, remaining term 12+ months. Factor in extra costs: early-closure fee on old loan (0-1% of balance), new origination fee (1-3% of amount), possible appraisal fees for secured loans (auto, mortgage).