Student Loan Refinancing Calculator

Student Loan Refinancing Calculator to calculate your monthly payment by refinancing your student loan. The student loan refinance calculator will show you the total interest and savings.

Student Loan Refinance Calculator

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

Student Refinance Calculator Results

New Monthly Payment:
$1,131.16
Payoff Date:
Jul, 2028
Total Interest Savings:
$15,145.49

Student Loan Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Aug, 2022 1 $171.88 $959.28 $1,131.16 $74,040.72
Sep, 2022 2 $169.68 $961.48 $1,131.16 $73,079.24
Oct, 2022 3 $167.47 $963.68 $1,131.16 $72,115.55
Nov, 2022 4 $165.26 $965.89 $1,131.16 $71,149.66
Dec, 2022 5 $163.05 $968.11 $1,131.16 $70,181.56
Jan, 2023 6 $160.83 $970.32 $1,131.16 $69,211.23
Feb, 2023 7 $158.61 $972.55 $1,131.16 $68,238.69
Mar, 2023 8 $156.38 $974.78 $1,131.16 $67,263.91
Apr, 2023 9 $154.15 $977.01 $1,131.16 $66,286.90
May, 2023 10 $151.91 $979.25 $1,131.16 $65,307.65
Jun, 2023 11 $149.66 $981.49 $1,131.16 $64,326.16
Jul, 2023 12 $147.41 $983.74 $1,131.16 $63,342.41
Aug, 2023 13 $145.16 $986.00 $1,131.16 $62,356.42
Sep, 2023 14 $142.90 $988.26 $1,131.16 $61,368.16
Oct, 2023 15 $140.64 $990.52 $1,131.16 $60,377.64
Nov, 2023 16 $138.37 $992.79 $1,131.16 $59,384.85
Dec, 2023 17 $136.09 $995.07 $1,131.16 $58,389.78
Jan, 2024 18 $133.81 $997.35 $1,131.16 $57,392.43
Feb, 2024 19 $131.52 $999.63 $1,131.16 $56,392.80
Mar, 2024 20 $129.23 $1,001.92 $1,131.16 $55,390.88
Apr, 2024 21 $126.94 $1,004.22 $1,131.16 $54,386.66
May, 2024 22 $124.64 $1,006.52 $1,131.16 $53,380.14
Jun, 2024 23 $122.33 $1,008.83 $1,131.16 $52,371.31
Jul, 2024 24 $120.02 $1,011.14 $1,131.16 $51,360.17
Aug, 2024 25 $117.70 $1,013.46 $1,131.16 $50,346.71
Sep, 2024 26 $115.38 $1,015.78 $1,131.16 $49,330.94
Oct, 2024 27 $113.05 $1,018.11 $1,131.16 $48,312.83
Nov, 2024 28 $110.72 $1,020.44 $1,131.16 $47,292.39
Dec, 2024 29 $108.38 $1,022.78 $1,131.16 $46,269.61
Jan, 2025 30 $106.03 $1,025.12 $1,131.16 $45,244.49
Feb, 2025 31 $103.69 $1,027.47 $1,131.16 $44,217.02
Mar, 2025 32 $101.33 $1,029.83 $1,131.16 $43,187.19
Apr, 2025 33 $98.97 $1,032.19 $1,131.16 $42,155.00
May, 2025 34 $96.61 $1,034.55 $1,131.16 $41,120.45
Jun, 2025 35 $94.23 $1,036.92 $1,131.16 $40,083.53
Jul, 2025 36 $91.86 $1,039.30 $1,131.16 $39,044.23
Aug, 2025 37 $89.48 $1,041.68 $1,131.16 $38,002.55
Sep, 2025 38 $87.09 $1,044.07 $1,131.16 $36,958.48
Oct, 2025 39 $84.70 $1,046.46 $1,131.16 $35,912.02
Nov, 2025 40 $82.30 $1,048.86 $1,131.16 $34,863.16
Dec, 2025 41 $79.89 $1,051.26 $1,131.16 $33,811.90
Jan, 2026 42 $77.49 $1,053.67 $1,131.16 $32,758.23
Feb, 2026 43 $75.07 $1,056.09 $1,131.16 $31,702.15
Mar, 2026 44 $72.65 $1,058.51 $1,131.16 $30,643.64
Apr, 2026 45 $70.23 $1,060.93 $1,131.16 $29,582.71
May, 2026 46 $67.79 $1,063.36 $1,131.16 $28,519.34
Jun, 2026 47 $65.36 $1,065.80 $1,131.16 $27,453.54
Jul, 2026 48 $62.91 $1,068.24 $1,131.16 $26,385.30
Aug, 2026 49 $60.47 $1,070.69 $1,131.16 $25,314.61
Sep, 2026 50 $58.01 $1,073.14 $1,131.16 $24,241.47
Oct, 2026 51 $55.55 $1,075.60 $1,131.16 $23,165.86
Nov, 2026 52 $53.09 $1,078.07 $1,131.16 $22,087.80
Dec, 2026 53 $50.62 $1,080.54 $1,131.16 $21,007.26
Jan, 2027 54 $48.14 $1,083.02 $1,131.16 $19,924.24
Feb, 2027 55 $45.66 $1,085.50 $1,131.16 $18,838.74
Mar, 2027 56 $43.17 $1,087.98 $1,131.16 $17,750.76
Apr, 2027 57 $40.68 $1,090.48 $1,131.16 $16,660.28
May, 2027 58 $38.18 $1,092.98 $1,131.16 $15,567.31
Jun, 2027 59 $35.68 $1,095.48 $1,131.16 $14,471.82
Jul, 2027 60 $33.16 $1,097.99 $1,131.16 $13,373.83
Aug, 2027 61 $30.65 $1,100.51 $1,131.16 $12,273.32
Sep, 2027 62 $28.13 $1,103.03 $1,131.16 $11,170.29
Oct, 2027 63 $25.60 $1,105.56 $1,131.16 $10,064.73
Nov, 2027 64 $23.07 $1,108.09 $1,131.16 $8,956.64
Dec, 2027 65 $20.53 $1,110.63 $1,131.16 $7,846.01
Jan, 2028 66 $17.98 $1,113.18 $1,131.16 $6,732.83
Feb, 2028 67 $15.43 $1,115.73 $1,131.16 $5,617.11
Mar, 2028 68 $12.87 $1,118.28 $1,131.16 $4,498.82
Apr, 2028 69 $10.31 $1,120.85 $1,131.16 $3,377.98
May, 2028 70 $7.74 $1,123.42 $1,131.16 $2,254.56
Jun, 2028 71 $5.17 $1,125.99 $1,131.16 $1,128.57
Jul, 2028 72 $2.59 $1,128.57 $1,131.16 $0.00

Original vs. Refinance

Original Student Loan Refinance
Monthly Payment $650.00 $1,131.16
Total Interest $21,588.78 $6,443.29
Total Principal $75,000.00 $75,000.00
Total Payment $96,588.78 $81,443.29
Total Interest Savings $0 $15,145.49
Payoff Date Dec, 2034 Jul, 2028



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