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Refinance Calculator
Current Loan
Loan Balance
$
Payment
$
Mo
Interest Rate
%
Refinanced Loan
Term
Yr
Interest Rate
%
Refinancing Costs
Fees
$
Share Results:
Share Results
By refinancing your current loan balance of
$20,000.00
at
4%
over
5
years, you will decrease your monthly payments by
$331.67
and add
29
months to the loan term. The total interest paid over the life of the loan will
increase
by
$760.86
.
Current Loan
Refinanced Loan
Monthly Payment
$700.00
$368.33
Total Payments
$21,338.99
$22,099.85
Total Interest
$1,338.99
$2,099.85
Pay-off Date
June 18, 2027
November 18, 2029
Current Loan
Refinanced Loan