Source:
Zemtsov, I. “Car Refinance calculator”. PubliCalculator.com, 1st Oct 2023. Published at: https://publicalculator.com/car-refinance-calculator. Accessed: Jul 12, 2024.
| Calculation based on: |
|---|
| Current Loan: |
|---|
| Monthly Payment: | |
| Car Loan Balance Left: | |
| Annual Interest: |
| New Loan: |
|---|
| New Loan Duration: | |
| New Annual Interest: | |
| Discount Points: | |
| Costs and fees: | |
| Cash widthdraw or add? | |
| Widthdraw amount: |
RESULTS |
New Monthly Payment: $584.19 |
| Current loan | New loan | Difference | |
|---|---|---|---|
| Monthly pay: | $750.00 | $584.19 | $-165.81 |
| APR/Interest rate: | 7.25% | 6.25% | -1.00% |
| Loan length: | 55 months | 72 months | 17 months |
| Total payments: | $41241.22 | $42061.71 | $820.48 |
| Total interest: | $6241.22 | $7061.71 | $820.48 |
| Pay upfront (Cost+Points): | $1200.00 |