Refinance comparison
Loans & budgets
Refinance comparison
Compare loan savings after switching fees
Example values are filled in. Replace them with your own.
Example calculation
Monthly savings: USD 89.80.
Monthly savings
USD 89.80
Net savings
USD 2,232.63
Positive monthly savings mean a lower payment. Check total savings after fees as well.
Use the same currency for all amounts. Taxes and fees are excluded unless an explicit field is provided.
See formula and assumptions
Compare payments over the same remaining term, less an upfront fee not financed into the loan.
- Amount still owed
- Use the chosen currency. Thousands separators are accepted.
- Current yearly interest rate
- Annual interest rate on your current loan.
- New yearly interest rate
- Annual interest rate on the proposed loan.
- Repayment period
- One year is 12 months. Enter the time until the loan is fully repaid.
- Refinancing fee
- Use the chosen currency. Thousands separators are accepted.