Auto Refinance Calculator

Could refinancing your auto loan lower your payment?

If you’re looking for ways to lower your monthly car payment, refinancing could be worth considering. Our free Auto Refinance Calculator helps you compare your current loan against a new one, so you can estimate your monthly payment and potential savings. 

What you’ll learn 

• Your estimated monthly payment after refinancing 
• Your potential monthly savings compared to your current loan 
• How different rates and terms affect your payment 
• The total interest you could save over the life of the loan 

How to use the calculator

1. Enter your current monthly payment and the balance remaining on your loan. 
2. Add your current interest rate and remaining loan term. You’ll find these on your statement or in your account. 
3. Enter the new interest rate and new loan term you’re considering. 
4. Review your results, including your estimated new payment, monthly savings, and interest savings. 
5. Adjust the new rate and term to compare different refinance scenarios. 

Tip: A lower payment from a longer term can be appealing, but a longer term may increase the total interest paid over time. Be sure to look at both your monthly payment and overall savings.