How much can I lower my monthly payment with a new auto loan?

Compare your current auto loan to a proposed refinance offer to see the new payment, total interest, and how much time or money you could save.

Current Loan

Current loan balance ?

The amount still owed on your existing auto loan.

Current interest rate ?

The annual interest rate on your existing loan.

Current monthly payment ?

The monthly payment amount on your existing loan.

Proposed Loan

Proposed interest rate ?

The interest rate offered on the new refinance loan.

Proposed term of new loan (months) ?

How many months you'd take to repay the new loan.

Enter your values and select Calculate.

Depending on your current loan rate, it may make sense for you to investigate whether or not refinancing your auto loan could save you some money. Adjusting the term of your existing auto loan may also make a big difference in your monthly loan payment. Use our <strong>auto refinance calculator</strong> to help you decide if it would be worth it for you to refinance your auto loan.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.