Car Loan Refinance Calculator

This calculator puts a current car loan next to a refinance offer. Enter the balance you still owe, your current rate and the months left, then the new rate, the new term and any fees the lender charges. It returns both monthly payments, the monthly saving, the interest each loan still costs you, the net saving after fees and the break even point in months. Stretching the term can cut the payment while raising total interest, which the interest rows will show. Rates are the ones you type in, so this is an estimate and not a loan offer.