Auto Loan Calculators
Auto Refinance Calculator
Compare your current car loan with a refinance offer to see the change in payment and the total interest saved.
Monthly saving
$30.17
- New payment
- $492.82
- Total interest saved
- $1,017
- Break-even
- 9 months
Current loanRefinanced
How this calculator works
Compare the two amortisation schedules and net off any refinance fees
- break-even
- fees divided by the monthly saving
Important considerations
- Extending the term lowers the payment but can raise total interest.
- Negative equity may prevent refinancing at the advertised rate.
Related calculators
- Auto Loan CalculatorMonthly vehicle payment after deposit, trade-in, tax and fees.
- Auto Loan Payoff CalculatorEarly payoff date and interest saved.
- Car Affordability CalculatorThe car price a monthly budget supports.
- Mortgage Refinance CalculatorMonthly saving and break-even point on a refinance.
- Lease vs Buy CalculatorTotal cost of leasing against buying.
- Car Depreciation CalculatorVehicle value year by year.
Learn more
Terms used here
Frequently asked questions
When is refinancing worthwhile?
When the rate drop is meaningful, the term is not stretched much, and you keep the car past the break-even point.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01