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Free Auto Refinance Calculator 2025

See if refinancing your car loan could save you money. Compare your current loan with new terms to find potential savings and break-even points.

Refinance Analysis
Savings Calculator
Smart Decisions

Calculate Refinance Savings

Compare your current loan with new terms

Current Loan Details

Enter your existing loan information

Current Loan Summary

Summary of your current loan terms

Monthly Payment$450.00
Remaining Payments48 months
Total Remaining Cost$21,600.00

New Loan Terms

Enter the proposed refinancing terms

New Loan Summary

Summary of the proposed refinancing terms

New Monthly Payment

$570.09

Total Payments$27,364.18
Refinancing Costs$500.00
Total New Loan Cost$27,864.18

Refinancing Analysis

Compare your current loan with the proposed refinancing terms

Keep Current Loan

Keep your current loan. Refinancing would cost you $6,264 more overall.

Monthly Savings

-$120.09

Per month difference

Total Savings

-$6,264

Over life of loan

Break-Even Point

Immediate

To recover costs

💡 Refinancing Tips

  • • Shop around with multiple lenders for the best rates
  • • Consider credit unions, which often offer competitive rates
  • • Check if your current lender has prepayment penalties
  • • Ensure you'll keep the loan long enough to break even

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Frequently Asked Questions

Common questions about auto loan refinancing