Auto refinance calculator
Enter what you owe now and the offer you are weighing. The plate shows the change in your monthly payment; the boxes show whether the whole loan costs less.
Your loan now
The payoff amount from your lender.
The new loan
Title transfer, lender fee.
Payment change per month
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- Payment now
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- New payment
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- Interest ahead now
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- Interest on new loan
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- Saved after fees
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- Fees paid back after
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Look for a refinance offer
Describe the car and the loan in five answers. Lenditia sends your request to auto lenders, car dealers and loan brokers, who may contact you with financing options. Nothing is agreed until you sign a contract with one of them.
- 1 The car, the amount, your credit and ZIP code.
- 2 Your name, phone, email and consent to be contacted.
- 3 An auto lender, car dealer or loan broker may call, text or email you. Compare any offer by APR and total cost before you sign.
Sending a request costs you nothing. Lenditia is not a lender and is paid by the auto lenders, car dealers and loan brokers who receive requests; they set their own rates and terms. How we make money.
How the comparison works
The calculator builds both schedules month by month. It adds up every payment left on your current loan and every payment on the new one, and subtracts any fees you pay in cash. Fees added to the loan are included in the new balance, so you pay interest on them too. "Saved after fees" is the difference in everything you would pay from today.
For example, $20,000 at 11% with 48 months left costs $516.91 a month. Refinancing at 6.5% over the same 48 months brings the payment to $474.30 and saves about $2,045 if there are no fees.
When a lower payment costs more
Stretching the term lowers the payment even when the rate barely moves, but the extra months add interest. If "Saved after fees" shows "None", the refinance costs more over the life of the loan. Our guide to auto refinancing covers when it pays and what lenders look at.