Calculation based on: |
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Current Loan: |
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Monthly Payment: | |
Car Loan Balance Left: | |
Annual Interest: |
New Loan: |
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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 |