Auto Refinance Calculator

See whether refinancing your car loan lowers the payment, and how long it takes to break even on any fees.

Your details

Current loan balance$Current APR%Remaining term (years)4

New APR%New term (years)4

Fees$Any refinancing/transfer fees.

Monthly savings

$30.80

New payment: $516.67
Current payment: $547.47
Break-even (months): 0

Monthly savings$30.80

Formula

Compares the current amortized payment with a new one at the new rate/term; break-even = fees ÷ monthly savings.

Sources & methodology

•CFPB — auto loans — CFPB

Last updated: 2026-07-20

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