Student Loan Refinance
Enter your current loans and refinance offer.
Total savings from refinancing
$0
Monthly savings: $0
Current monthly payment
$0
Refinanced monthly payment
$0
Current total interest
$0
Refinanced total interest
$0
Total savings
$0
Breakeven (months)
0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Total loan balance ($) | $50,000 |
| Current weighted average rate (%) | 6.5% |
| Remaining term (years) | 10 |
| Refinance rate (%) | 4.5% |
| Refinance fees ($) | $0 |
| Result | Value |
|---|---|
| Total savings from refinancing | $5,946 |
| Current monthly payment | $568 |
| Refinanced monthly payment | $518 |
| Current total interest | $18,129 |
| Refinanced total interest | $12,183 |
| Total savings | $5,946 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Student Loan Refinance
- Total loan balance ($) — default $50,000
- Current weighted average rate (%) — default 6.5%
- Remaining term (years) — default 10
- Refinance rate (%) — default 4.5%
- Refinance fees ($) — default $0
- Press Calculate to update the results instantly.