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Student Loan Refinancing Calculator
Compare your current loan with a potential refinancing option.
Total Cost Comparison
Cumulative Payments Over Time
Loan:
$145,212.94
Refi:
$118,494.47
You save:
$26,718.47
Comparison Results
| Metric | Loan | Refi | Difference |
|---|---|---|---|
| Principal | $100,000.00 | $100,000.00 | $0.00 |
| Monthly Payment | $1,210.11 | $987.45 | $-222.65 |
| Loan Term | 120 months | 120 months | 0 months |
| APR | 7.94% | 3.47% | -4.47% |
| Total Payments | $145,212.94 | $118,494.47 | $-26,718.47 |
| Total Interest | $45,212.94 | $18,494.47 | $-26,718.47 |
Disclaimer
This calculator provides estimates for educational purposes only. Actual loan terms, payments, and interest may vary based on your lender, credit score, and other factors. Always consult with a financial advisor or your loan servicer for accurate information about your specific loan options.