Refinance Calculator
Original Loan Details
$
%
New Loan Details
$378,470
Calculated automatically
%
$
$383,470
Balance + Closing Costs
$
Additional payment towards principal to pay off loan faster
Payment Comparison
Original Payment
$2,797
New Payment
$2,299
Monthly Savings
+$498
Refinance Analysis Summary
Payment Breakdown
Original Loan (Paid)
Principal Paid:$21,530
Interest Paid:$146,281
Total Paid:$167,811
New Loan (Remaining)
Principal Remaining:$378,470
Interest to Pay:$444,204
Total Remaining:$822,674
Interest Comparison
Original Total Interest:$606,869
With Refinance:$590,486
Difference:+$16,383