Auto loan decision tool
Auto Loan Refinance Calculator
Compare your current car loan with a refinance offer to see whether the lower payment is actually worth the fees and new term.
Compare refinance offers
Check payment savings, total cost, and break-even timing after fees.
Recommendation
Refinance likely saves
Refinancing looks cheaper by about $1,504 and changes the payment by about $43 per month.
- New monthly payment
- $577
- Monthly savings
- $43
- Total savings
- $1,504
- Current remaining cost
- $26,040
- New cost with fees
- $24,536
- Break-even
- 7 months
Loan cost comparison
How this calculator works
The calculator compares the remaining cost of your current loan against the total cost of a refinance offer. It includes the new APR, new loan term, monthly payment, and refinance fees so you can see both monthly savings and total savings.
When refinancing can backfire
Refinancing can lower your payment while increasing the total amount you pay if the new term is much longer. The strongest refinance offers lower the APR enough to save money after fees without stretching the payoff timeline too far.