Auto Loan Refinance Calculator
Compare an auto loan against a refinance quote over the same remaining term. See old and new monthly payments, the monthly difference, and the total saving or added cost.
Result
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Enter values above
Result
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Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Current loan balance ($) | $25,000 |
| Current rate (%) | 8% |
| New rate (%) | 5% |
| Remaining term (months) | 48 |
| Result | Value |
|---|---|
| Result | $35/mo |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Auto Loan Refinance Calculator
- Current loan balance ($) — default $25,000
- Current rate (%) — default 8%
- New rate (%) — default 5%
- Remaining term (months) — default 48
- Press Calculate to update the results instantly.
Frequently asked questions
When the new rate is at least one percentage point lower and the remaining balance is large enough for the saving to beat any fees.
There is a small temporary dip from the new credit check. With on-time payments the score usually recovers within a few months.
Only if cash flow demands it. Extending lowers the payment but can raise total interest even at a lower rate.