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The Lending Group

Loan Refinance Calculator

Compare payment reduction, upfront costs, break-even, and lifetime interest.

Refinance

Compare current and replacement loans

Monthly savings, cash-flow break-even, and remaining interest

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Methodology: compare two fixed-rate amortizations on the same outstanding balance. Payment reduction = current payment − replacement payment. Cash-flow break-even = upfront costs ÷ positive monthly reduction; this is not an equity-adjusted or investment return calculation. Net lifetime savings = remaining old interest − new interest − upfront costs. Fees are paid upfront, not financed. A longer term may lower payments while raising total cost; refinancing before the break-even month may not recover costs.

Methodology and assumptions

Monthly payment = P × r ÷ [1 − (1 + r)^(−n)], where P is the loan amount, r is the annual rate divided by 1,200, and n is the number of monthly payments. At 0% APR, payment = P ÷ n. Total repaid = payment × n; total interest = total repaid − P.

This estimate treats your APR as a fixed nominal annual rate with monthly interest and payments at the end of each month. Fees, insurance, taxes, variable-rate changes, and extra payments are excluded unless a tool explicitly includes them. A disclosed APR can include fees and may differ from the contractual interest rate. Values are rounded for display only. Estimates are not lending offers.

Example: $10,000 at 15% for 36 months is approximately $346.65 per month, $2,479.52 in interest, and $12,479.52 repaid, assuming no fees.

Monthly amortization schedule
Estimated payment breakdown for the current inputs
MonthPaymentPrincipalInterestBalance
1$1,432.86$432.86$1,000.00$199,567.14
2$1,432.86$435.03$997.84$199,132.11
3$1,432.86$437.20$995.66$198,694.91
4$1,432.86$439.39$993.47$198,255.52
5$1,432.86$441.58$991.28$197,813.94
6$1,432.86$443.79$989.07$197,370.15
7$1,432.86$446.01$986.85$196,924.13
8$1,432.86$448.24$984.62$196,475.89
9$1,432.86$450.48$982.38$196,025.41
10$1,432.86$452.74$980.13$195,572.67
11$1,432.86$455.00$977.86$195,117.68
12$1,432.86$457.27$975.59$194,660.40
13$1,432.86$459.56$973.30$194,200.84
14$1,432.86$461.86$971.00$193,738.98
15$1,432.86$464.17$968.69$193,274.82
16$1,432.86$466.49$966.37$192,808.33
17$1,432.86$468.82$964.04$192,339.51
18$1,432.86$471.16$961.70$191,868.34
19$1,432.86$473.52$959.34$191,394.82
20$1,432.86$475.89$956.97$190,918.94
21$1,432.86$478.27$954.59$190,440.67
22$1,432.86$480.66$952.20$189,960.01
23$1,432.86$483.06$949.80$189,476.95
24$1,432.86$485.48$947.38$188,991.47
25$1,432.86$487.90$944.96$188,503.57
26$1,432.86$490.34$942.52$188,013.22
27$1,432.86$492.80$940.07$187,520.42
28$1,432.86$495.26$937.60$187,025.16
29$1,432.86$497.74$935.13$186,527.43
30$1,432.86$500.22$932.64$186,027.20
31$1,432.86$502.73$930.14$185,524.48
32$1,432.86$505.24$927.62$185,019.24
33$1,432.86$507.77$925.10$184,511.47
34$1,432.86$510.30$922.56$184,001.17
35$1,432.86$512.86$920.01$183,488.31
36$1,432.86$515.42$917.44$182,972.89
37$1,432.86$518.00$914.86$182,454.89
38$1,432.86$520.59$912.27$181,934.31
39$1,432.86$523.19$909.67$181,411.11
40$1,432.86$525.81$907.06$180,885.31
41$1,432.86$528.44$904.43$180,356.87
42$1,432.86$531.08$901.78$179,825.79
43$1,432.86$533.73$899.13$179,292.06
44$1,432.86$536.40$896.46$178,755.66
45$1,432.86$539.08$893.78$178,216.58
46$1,432.86$541.78$891.08$177,674.80
47$1,432.86$544.49$888.37$177,130.31
48$1,432.86$547.21$885.65$176,583.10
49$1,432.86$549.95$882.92$176,033.15
50$1,432.86$552.70$880.17$175,480.45
51$1,432.86$555.46$877.40$174,924.99
52$1,432.86$558.24$874.62$174,366.76
53$1,432.86$561.03$871.83$173,805.73
54$1,432.86$563.83$869.03$173,241.90
55$1,432.86$566.65$866.21$172,675.24
56$1,432.86$569.49$863.38$172,105.76
57$1,432.86$572.33$860.53$171,533.42
58$1,432.86$575.19$857.67$170,958.23
59$1,432.86$578.07$854.79$170,380.16
60$1,432.86$580.96$851.90$169,799.20
61$1,432.86$583.87$849.00$169,215.33
62$1,432.86$586.79$846.08$168,628.55
63$1,432.86$589.72$843.14$168,038.83
64$1,432.86$592.67$840.19$167,446.16
65$1,432.86$595.63$837.23$166,850.53
66$1,432.86$598.61$834.25$166,251.92
67$1,432.86$601.60$831.26$165,650.31
68$1,432.86$604.61$828.25$165,045.70
69$1,432.86$607.63$825.23$164,438.07
70$1,432.86$610.67$822.19$163,827.40
71$1,432.86$613.73$819.14$163,213.67
72$1,432.86$616.79$816.07$162,596.88
73$1,432.86$619.88$812.98$161,977.00
74$1,432.86$622.98$809.89$161,354.02
75$1,432.86$626.09$806.77$160,727.93
76$1,432.86$629.22$803.64$160,098.71
77$1,432.86$632.37$800.49$159,466.34
78$1,432.86$635.53$797.33$158,830.81
79$1,432.86$638.71$794.15$158,192.10
80$1,432.86$641.90$790.96$157,550.20
81$1,432.86$645.11$787.75$156,905.09
82$1,432.86$648.34$784.53$156,256.75
83$1,432.86$651.58$781.28$155,605.18
84$1,432.86$654.84$778.03$154,950.34
85$1,432.86$658.11$774.75$154,292.23
86$1,432.86$661.40$771.46$153,630.83
87$1,432.86$664.71$768.15$152,966.12
88$1,432.86$668.03$764.83$152,298.09
89$1,432.86$671.37$761.49$151,626.72
90$1,432.86$674.73$758.13$150,951.99
91$1,432.86$678.10$754.76$150,273.89
92$1,432.86$681.49$751.37$149,592.39
93$1,432.86$684.90$747.96$148,907.49
94$1,432.86$688.32$744.54$148,219.17
95$1,432.86$691.77$741.10$147,527.40
96$1,432.86$695.23$737.64$146,832.18
97$1,432.86$698.70$734.16$146,133.48
98$1,432.86$702.19$730.67$145,431.28
99$1,432.86$705.71$727.16$144,725.58
100$1,432.86$709.23$723.63$144,016.34
101$1,432.86$712.78$720.08$143,303.56
102$1,432.86$716.34$716.52$142,587.22
103$1,432.86$719.93$712.94$141,867.29
104$1,432.86$723.53$709.34$141,143.77
105$1,432.86$727.14$705.72$140,416.62
106$1,432.86$730.78$702.08$139,685.84
107$1,432.86$734.43$698.43$138,951.41
108$1,432.86$738.11$694.76$138,213.30
109$1,432.86$741.80$691.07$137,471.51
110$1,432.86$745.50$687.36$136,726.00
111$1,432.86$749.23$683.63$135,976.77
112$1,432.86$752.98$679.88$135,223.79
113$1,432.86$756.74$676.12$134,467.05
114$1,432.86$760.53$672.34$133,706.52
115$1,432.86$764.33$668.53$132,942.19
116$1,432.86$768.15$664.71$132,174.04
117$1,432.86$771.99$660.87$131,402.05
118$1,432.86$775.85$657.01$130,626.20
119$1,432.86$779.73$653.13$129,846.47
120$1,432.86$783.63$649.23$129,062.84
121$1,432.86$787.55$645.31$128,275.29
122$1,432.86$791.49$641.38$127,483.81
123$1,432.86$795.44$637.42$126,688.36
124$1,432.86$799.42$633.44$125,888.94
125$1,432.86$803.42$629.44$125,085.52
126$1,432.86$807.43$625.43$124,278.09
127$1,432.86$811.47$621.39$123,466.62
128$1,432.86$815.53$617.33$122,651.09
129$1,432.86$819.61$613.26$121,831.48
130$1,432.86$823.70$609.16$121,007.78
131$1,432.86$827.82$605.04$120,179.95
132$1,432.86$831.96$600.90$119,347.99
133$1,432.86$836.12$596.74$118,511.87
134$1,432.86$840.30$592.56$117,671.57
135$1,432.86$844.50$588.36$116,827.06
136$1,432.86$848.73$584.14$115,978.34
137$1,432.86$852.97$579.89$115,125.37
138$1,432.86$857.24$575.63$114,268.13
139$1,432.86$861.52$571.34$113,406.61
140$1,432.86$865.83$567.03$112,540.78
141$1,432.86$870.16$562.70$111,670.62
142$1,432.86$874.51$558.35$110,796.11
143$1,432.86$878.88$553.98$109,917.23
144$1,432.86$883.28$549.59$109,033.96
145$1,432.86$887.69$545.17$108,146.26
146$1,432.86$892.13$540.73$107,254.13
147$1,432.86$896.59$536.27$106,357.54
148$1,432.86$901.07$531.79$105,456.47
149$1,432.86$905.58$527.28$104,550.89
150$1,432.86$910.11$522.75$103,640.78
151$1,432.86$914.66$518.20$102,726.12
152$1,432.86$919.23$513.63$101,806.89
153$1,432.86$923.83$509.03$100,883.06
154$1,432.86$928.45$504.42$99,954.61
155$1,432.86$933.09$499.77$99,021.53
156$1,432.86$937.75$495.11$98,083.77
157$1,432.86$942.44$490.42$97,141.33
158$1,432.86$947.16$485.71$96,194.17
159$1,432.86$951.89$480.97$95,242.28
160$1,432.86$956.65$476.21$94,285.63
161$1,432.86$961.43$471.43$93,324.20
162$1,432.86$966.24$466.62$92,357.96
163$1,432.86$971.07$461.79$91,386.88
164$1,432.86$975.93$456.93$90,410.96
165$1,432.86$980.81$452.05$89,430.15
166$1,432.86$985.71$447.15$88,444.44
167$1,432.86$990.64$442.22$87,453.80
168$1,432.86$995.59$437.27$86,458.20
169$1,432.86$1,000.57$432.29$85,457.63
170$1,432.86$1,005.57$427.29$84,452.06
171$1,432.86$1,010.60$422.26$83,441.46
172$1,432.86$1,015.65$417.21$82,425.80
173$1,432.86$1,020.73$412.13$81,405.07
174$1,432.86$1,025.84$407.03$80,379.23
175$1,432.86$1,030.97$401.90$79,348.27
176$1,432.86$1,036.12$396.74$78,312.15
177$1,432.86$1,041.30$391.56$77,270.84
178$1,432.86$1,046.51$386.35$76,224.34
179$1,432.86$1,051.74$381.12$75,172.60
180$1,432.86$1,057.00$375.86$74,115.60
181$1,432.86$1,062.28$370.58$73,053.31
182$1,432.86$1,067.60$365.27$71,985.72
183$1,432.86$1,072.93$359.93$70,912.78
184$1,432.86$1,078.30$354.56$69,834.49
185$1,432.86$1,083.69$349.17$68,750.80
186$1,432.86$1,089.11$343.75$67,661.69
187$1,432.86$1,094.55$338.31$66,567.13
188$1,432.86$1,100.03$332.84$65,467.11
189$1,432.86$1,105.53$327.34$64,361.58
190$1,432.86$1,111.05$321.81$63,250.53
191$1,432.86$1,116.61$316.25$62,133.92
192$1,432.86$1,122.19$310.67$61,011.72
193$1,432.86$1,127.80$305.06$59,883.92
194$1,432.86$1,133.44$299.42$58,750.48
195$1,432.86$1,139.11$293.75$57,611.37
196$1,432.86$1,144.81$288.06$56,466.56
197$1,432.86$1,150.53$282.33$55,316.03
198$1,432.86$1,156.28$276.58$54,159.75
199$1,432.86$1,162.06$270.80$52,997.69
200$1,432.86$1,167.87$264.99$51,829.81
201$1,432.86$1,173.71$259.15$50,656.10
202$1,432.86$1,179.58$253.28$49,476.52
203$1,432.86$1,185.48$247.38$48,291.04
204$1,432.86$1,191.41$241.46$47,099.63
205$1,432.86$1,197.36$235.50$45,902.27
206$1,432.86$1,203.35$229.51$44,698.92
207$1,432.86$1,209.37$223.49$43,489.55
208$1,432.86$1,215.41$217.45$42,274.14
209$1,432.86$1,221.49$211.37$41,052.65
210$1,432.86$1,227.60$205.26$39,825.05
211$1,432.86$1,233.74$199.13$38,591.31
212$1,432.86$1,239.91$192.96$37,351.40
213$1,432.86$1,246.11$186.76$36,105.30
214$1,432.86$1,252.34$180.53$34,852.96
215$1,432.86$1,258.60$174.26$33,594.37
216$1,432.86$1,264.89$167.97$32,329.48
217$1,432.86$1,271.21$161.65$31,058.26
218$1,432.86$1,277.57$155.29$29,780.69
219$1,432.86$1,283.96$148.90$28,496.73
220$1,432.86$1,290.38$142.48$27,206.35
221$1,432.86$1,296.83$136.03$25,909.52
222$1,432.86$1,303.31$129.55$24,606.21
223$1,432.86$1,309.83$123.03$23,296.38
224$1,432.86$1,316.38$116.48$21,980.00
225$1,432.86$1,322.96$109.90$20,657.04
226$1,432.86$1,329.58$103.29$19,327.46
227$1,432.86$1,336.22$96.64$17,991.23
228$1,432.86$1,342.91$89.96$16,648.33
229$1,432.86$1,349.62$83.24$15,298.71
230$1,432.86$1,356.37$76.49$13,942.34
231$1,432.86$1,363.15$69.71$12,579.19
232$1,432.86$1,369.97$62.90$11,209.22
233$1,432.86$1,376.82$56.05$9,832.41
234$1,432.86$1,383.70$49.16$8,448.71
235$1,432.86$1,390.62$42.24$7,058.09
236$1,432.86$1,397.57$35.29$5,660.52
237$1,432.86$1,404.56$28.30$4,255.96
238$1,432.86$1,411.58$21.28$2,844.37
239$1,432.86$1,418.64$14.22$1,425.73
240$1,432.86$1,425.73$7.13$0.00

For example only. Figures are illustrative and do not represent an offer of credit. Actual APR, terms, fees, and monthly payments come from our lending partners after a soft-pull rate check, and depend on your credit profile, income, loan amount, term, and state of residence.

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