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:
Feb, 2029
Total Interest Savings:
$1,948.38

Car Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Mar, 2024 1 $58.33 $438.59 $496.93 $27,561.41
Apr, 2024 2 $57.42 $439.51 $496.93 $27,121.90
May, 2024 3 $56.50 $440.42 $496.93 $26,681.48
Jun, 2024 4 $55.59 $441.34 $496.93 $26,240.14
Jul, 2024 5 $54.67 $442.26 $496.93 $25,797.88
Aug, 2024 6 $53.75 $443.18 $496.93 $25,354.70
Sep, 2024 7 $52.82 $444.10 $496.93 $24,910.60
Oct, 2024 8 $51.90 $445.03 $496.93 $24,465.57
Nov, 2024 9 $50.97 $445.96 $496.93 $24,019.61
Dec, 2024 10 $50.04 $446.89 $496.93 $23,572.72
Jan, 2025 11 $49.11 $447.82 $496.93 $23,124.91
Feb, 2025 12 $48.18 $448.75 $496.93 $22,676.16
Mar, 2025 13 $47.24 $449.68 $496.93 $22,226.48
Apr, 2025 14 $46.31 $450.62 $496.93 $21,775.85
May, 2025 15 $45.37 $451.56 $496.93 $21,324.29
Jun, 2025 16 $44.43 $452.50 $496.93 $20,871.79
Jul, 2025 17 $43.48 $453.44 $496.93 $20,418.35
Aug, 2025 18 $42.54 $454.39 $496.93 $19,963.96
Sep, 2025 19 $41.59 $455.33 $496.93 $19,508.63
Oct, 2025 20 $40.64 $456.28 $496.93 $19,052.35
Nov, 2025 21 $39.69 $457.23 $496.93 $18,595.11
Dec, 2025 22 $38.74 $458.19 $496.93 $18,136.93
Jan, 2026 23 $37.79 $459.14 $496.93 $17,677.78
Feb, 2026 24 $36.83 $460.10 $496.93 $17,217.69
Mar, 2026 25 $35.87 $461.06 $496.93 $16,756.63
Apr, 2026 26 $34.91 $462.02 $496.93 $16,294.61
May, 2026 27 $33.95 $462.98 $496.93 $15,831.64
Jun, 2026 28 $32.98 $463.94 $496.93 $15,367.69
Jul, 2026 29 $32.02 $464.91 $496.93 $14,902.78
Aug, 2026 30 $31.05 $465.88 $496.93 $14,436.90
Sep, 2026 31 $30.08 $466.85 $496.93 $13,970.05
Oct, 2026 32 $29.10 $467.82 $496.93 $13,502.23
Nov, 2026 33 $28.13 $468.80 $496.93 $13,033.44
Dec, 2026 34 $27.15 $469.77 $496.93 $12,563.66
Jan, 2027 35 $26.17 $470.75 $496.93 $12,092.91
Feb, 2027 36 $25.19 $471.73 $496.93 $11,621.18
Mar, 2027 37 $24.21 $472.72 $496.93 $11,148.46
Apr, 2027 38 $23.23 $473.70 $496.93 $10,674.76
May, 2027 39 $22.24 $474.69 $496.93 $10,200.08
Jun, 2027 40 $21.25 $475.68 $496.93 $9,724.40
Jul, 2027 41 $20.26 $476.67 $496.93 $9,247.73
Aug, 2027 42 $19.27 $477.66 $496.93 $8,770.07
Sep, 2027 43 $18.27 $478.66 $496.93 $8,291.42
Oct, 2027 44 $17.27 $479.65 $496.93 $7,811.76
Nov, 2027 45 $16.27 $480.65 $496.93 $7,331.11
Dec, 2027 46 $15.27 $481.65 $496.93 $6,849.46
Jan, 2028 47 $14.27 $482.66 $496.93 $6,366.80
Feb, 2028 48 $13.26 $483.66 $496.93 $5,883.14
Mar, 2028 49 $12.26 $484.67 $496.93 $5,398.47
Apr, 2028 50 $11.25 $485.68 $496.93 $4,912.79
May, 2028 51 $10.23 $486.69 $496.93 $4,426.10
Jun, 2028 52 $9.22 $487.71 $496.93 $3,938.40
Jul, 2028 53 $8.20 $488.72 $496.93 $3,449.68
Aug, 2028 54 $7.19 $489.74 $496.93 $2,959.94
Sep, 2028 55 $6.17 $490.76 $496.93 $2,469.18
Oct, 2028 56 $5.14 $491.78 $496.93 $1,977.39
Nov, 2028 57 $4.12 $492.81 $496.93 $1,484.59
Dec, 2028 58 $3.09 $493.83 $496.93 $990.76
Jan, 2029 59 $2.06 $494.86 $496.93 $495.89
Feb, 2029 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 Jun, 2029 Feb, 2029



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