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Refinance Car Loan Calculator

Refinance Car Loan Calculator to calculate the costs and savings to refinancing your auto loan with a lower interest rate.

Refinance Auto Loan Calculator

Remaining Balance
$
Interest Rate
Current Monthly Payment
$
New Interest Rate
New Loan Terms
years
Closing Cost
$
Other Expenses
$


Auto Refinance Calculator Results

New Monthly Payment:
$540.04
Payoff Date:
Jun, 2027
Closing Cost:
$200.00
Other Expenses:
$0.00
Interest Savings:
$1,141.53
Total Savings:
$941.53

Auto Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $50.10 $489.94 $540.04 $18,010.06
Aug, 2024 2 $48.78 $491.27 $540.04 $17,518.80
Sep, 2024 3 $47.45 $492.60 $540.04 $17,026.20
Oct, 2024 4 $46.11 $493.93 $540.04 $16,532.27
Nov, 2024 5 $44.77 $495.27 $540.04 $16,037.00
Dec, 2024 6 $43.43 $496.61 $540.04 $15,540.39
Jan, 2025 7 $42.09 $497.95 $540.04 $15,042.44
Feb, 2025 8 $40.74 $499.30 $540.04 $14,543.13
Mar, 2025 9 $39.39 $500.66 $540.04 $14,042.48
Apr, 2025 10 $38.03 $502.01 $540.04 $13,540.47
May, 2025 11 $36.67 $503.37 $540.04 $13,037.10
Jun, 2025 12 $35.31 $504.73 $540.04 $12,532.36
Jul, 2025 13 $33.94 $506.10 $540.04 $12,026.26
Aug, 2025 14 $32.57 $507.47 $540.04 $11,518.79
Sep, 2025 15 $31.20 $508.85 $540.04 $11,009.94
Oct, 2025 16 $29.82 $510.22 $540.04 $10,499.72
Nov, 2025 17 $28.44 $511.61 $540.04 $9,988.11
Dec, 2025 18 $27.05 $512.99 $540.04 $9,475.12
Jan, 2026 19 $25.66 $514.38 $540.04 $8,960.74
Feb, 2026 20 $24.27 $515.77 $540.04 $8,444.96
Mar, 2026 21 $22.87 $517.17 $540.04 $7,927.79
Apr, 2026 22 $21.47 $518.57 $540.04 $7,409.22
May, 2026 23 $20.07 $519.98 $540.04 $6,889.24
Jun, 2026 24 $18.66 $521.38 $540.04 $6,367.86
Jul, 2026 25 $17.25 $522.80 $540.04 $5,845.06
Aug, 2026 26 $15.83 $524.21 $540.04 $5,320.85
Sep, 2026 27 $14.41 $525.63 $540.04 $4,795.22
Oct, 2026 28 $12.99 $527.06 $540.04 $4,268.16
Nov, 2026 29 $11.56 $528.48 $540.04 $3,739.68
Dec, 2026 30 $10.13 $529.91 $540.04 $3,209.76
Jan, 2027 31 $8.69 $531.35 $540.04 $2,678.41
Feb, 2027 32 $7.25 $532.79 $540.04 $2,145.62
Mar, 2027 33 $5.81 $534.23 $540.04 $1,611.39
Apr, 2027 34 $4.36 $535.68 $540.04 $1,075.71
May, 2027 35 $2.91 $537.13 $540.04 $538.58
Jun, 2027 36 $1.46 $538.58 $540.04 $0.00

Original vs. Loan Refinance

Original Auto Loan Refinance
Monthly Payment $446.87 $540.04
Total Interest $2,083.08 $941.55
Total Principal $18,500.00 $18,500.00
Total Payment $20,583.08 $19,441.55
Closing Cost $0 $200.00
Other Expenses $0 $0.00
Total Interest Savings $0 $1,141.53
Total Savings $0 $941.53
Payoff Date May, 2028 Jun, 2027
Refinance Home Loan Calculator

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