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Refinance Calculator

Loan Calculator

Refinance Calculator

This calculator will help you decide whether or not you should refinance your current loan at a lower interest rate.
Fields with a (*) are required.
Current Balance: * ($)
Current Monthly Payment (Principal + Interest only): * ($)
Number of Months remaining on present loan: *
Principal + Interest you have remaining under your current plan: ($)
Credit Union Interest Rate: *
Term of New Credit Union Loan: *
New Monthly Payment: ($)
Monthly Savings: ($)
Principal + Interest you'll pay under your CU refinanced plan: ($)
Interest you will save if you refinance: ($)
Note: Be sure to hit "clear", each time you wish to change numbers in your calculation.
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