If your credit has improved since you financed your car, or if rates have shifted since your original loan, refinancing could lower your payment or reduce your total interest. Enter your current loan balance, rate, and term alongside a new offer, and this auto refinance calculator shows the difference in monthly payment and total interest cost.
Auto Refinance Calculator
Compare your current auto loan against a refinance offer to calculate your monthly and overall savings.
Current vs. Refinanced Cumulative Cost
Auto loan refinancing tends to make the most sense earlier in a loan term, since more of your balance is still accruing interest at that point. It’s also worth checking whether you’re upside down on the loan — owing more than the car is worth — before refinancing, since that can limit your options or the rate you’re offered.
If refinancing isn’t the right fit, adding extra payments toward your current loan can produce a similar effect — our loan extra payment calculator shows how much that could save. And for your original loan comparison, our car loan calculator is available too.