Auto Refinance Calculator

Auto Refinance Calculator to estimate how much money you can save by refinancing your car loan. The car refinance calculator with amortization schedule will give you a breakdown of the monthly payments.

Car Refinance Calculator

Remaining Balance
$
Interest Rate
Current Monthly Payment
$
New Interest Rate
New Loan Terms
years

Car Refinance Calculator Results

New Monthly Payment:
$496.93
Payoff Date:
Jul, 2027
Total Interest Savings:
$1,948.38

Car Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Aug, 2022 1 $58.33 $438.59 $496.93 $27,561.41
Sep, 2022 2 $57.42 $439.51 $496.93 $27,121.90
Oct, 2022 3 $56.50 $440.42 $496.93 $26,681.48
Nov, 2022 4 $55.59 $441.34 $496.93 $26,240.14
Dec, 2022 5 $54.67 $442.26 $496.93 $25,797.88
Jan, 2023 6 $53.75 $443.18 $496.93 $25,354.70
Feb, 2023 7 $52.82 $444.10 $496.93 $24,910.60
Mar, 2023 8 $51.90 $445.03 $496.93 $24,465.57
Apr, 2023 9 $50.97 $445.96 $496.93 $24,019.61
May, 2023 10 $50.04 $446.89 $496.93 $23,572.72
Jun, 2023 11 $49.11 $447.82 $496.93 $23,124.91
Jul, 2023 12 $48.18 $448.75 $496.93 $22,676.16
Aug, 2023 13 $47.24 $449.68 $496.93 $22,226.48
Sep, 2023 14 $46.31 $450.62 $496.93 $21,775.85
Oct, 2023 15 $45.37 $451.56 $496.93 $21,324.29
Nov, 2023 16 $44.43 $452.50 $496.93 $20,871.79
Dec, 2023 17 $43.48 $453.44 $496.93 $20,418.35
Jan, 2024 18 $42.54 $454.39 $496.93 $19,963.96
Feb, 2024 19 $41.59 $455.33 $496.93 $19,508.63
Mar, 2024 20 $40.64 $456.28 $496.93 $19,052.35
Apr, 2024 21 $39.69 $457.23 $496.93 $18,595.11
May, 2024 22 $38.74 $458.19 $496.93 $18,136.93
Jun, 2024 23 $37.79 $459.14 $496.93 $17,677.78
Jul, 2024 24 $36.83 $460.10 $496.93 $17,217.69
Aug, 2024 25 $35.87 $461.06 $496.93 $16,756.63
Sep, 2024 26 $34.91 $462.02 $496.93 $16,294.61
Oct, 2024 27 $33.95 $462.98 $496.93 $15,831.64
Nov, 2024 28 $32.98 $463.94 $496.93 $15,367.69
Dec, 2024 29 $32.02 $464.91 $496.93 $14,902.78
Jan, 2025 30 $31.05 $465.88 $496.93 $14,436.90
Feb, 2025 31 $30.08 $466.85 $496.93 $13,970.05
Mar, 2025 32 $29.10 $467.82 $496.93 $13,502.23
Apr, 2025 33 $28.13 $468.80 $496.93 $13,033.44
May, 2025 34 $27.15 $469.77 $496.93 $12,563.66
Jun, 2025 35 $26.17 $470.75 $496.93 $12,092.91
Jul, 2025 36 $25.19 $471.73 $496.93 $11,621.18
Aug, 2025 37 $24.21 $472.72 $496.93 $11,148.46
Sep, 2025 38 $23.23 $473.70 $496.93 $10,674.76
Oct, 2025 39 $22.24 $474.69 $496.93 $10,200.08
Nov, 2025 40 $21.25 $475.68 $496.93 $9,724.40
Dec, 2025 41 $20.26 $476.67 $496.93 $9,247.73
Jan, 2026 42 $19.27 $477.66 $496.93 $8,770.07
Feb, 2026 43 $18.27 $478.66 $496.93 $8,291.42
Mar, 2026 44 $17.27 $479.65 $496.93 $7,811.76
Apr, 2026 45 $16.27 $480.65 $496.93 $7,331.11
May, 2026 46 $15.27 $481.65 $496.93 $6,849.46
Jun, 2026 47 $14.27 $482.66 $496.93 $6,366.80
Jul, 2026 48 $13.26 $483.66 $496.93 $5,883.14
Aug, 2026 49 $12.26 $484.67 $496.93 $5,398.47
Sep, 2026 50 $11.25 $485.68 $496.93 $4,912.79
Oct, 2026 51 $10.23 $486.69 $496.93 $4,426.10
Nov, 2026 52 $9.22 $487.71 $496.93 $3,938.40
Dec, 2026 53 $8.20 $488.72 $496.93 $3,449.68
Jan, 2027 54 $7.19 $489.74 $496.93 $2,959.94
Feb, 2027 55 $6.17 $490.76 $496.93 $2,469.18
Mar, 2027 56 $5.14 $491.78 $496.93 $1,977.39
Apr, 2027 57 $4.12 $492.81 $496.93 $1,484.59
May, 2027 58 $3.09 $493.83 $496.93 $990.76
Jun, 2027 59 $2.06 $494.86 $496.93 $495.89
Jul, 2027 60 $1.03 $495.89 $496.93 $0.00

Original vs. Car Refinance

Original Car Refinance
Monthly Payment $500.00 $496.93
Total Interest $3,763.95 $1,815.57
Total Principal $28,000.00 $28,000.00
Total Payment $31,763.95 $29,815.57
Total Interest Savings $0 $1,948.38
Payoff Date Nov, 2027 Jul, 2027



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