Refinance Calculator

Current Loan

$ Mo

Refinanced Loan


Refinancing Costs

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 LoanRefinanced 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 DateJanuary 23, 2020June 23, 2022