Car Refinance Calculator

Car Refinance Calculator to calculate the monthly payments and the savings of refinancing an auto loan. The auto refinance calculator will show the monthly car amortization schedule with principal and interest payments.

Auto Refinance Calculator

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

Car Refinance Calculator Results

New Monthly Payment:
$463.24
Payoff Date:
Dec, 2027
Total Interest Savings:
$1,770.18

Car Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jan, 2023 1 $88.54 $374.70 $463.24 $24,625.30
Feb, 2023 2 $87.21 $376.02 $463.24 $24,249.28
Mar, 2023 3 $85.88 $377.36 $463.24 $23,871.92
Apr, 2023 4 $84.55 $378.69 $463.24 $23,493.23
May, 2023 5 $83.21 $380.03 $463.24 $23,113.20
Jun, 2023 6 $81.86 $381.38 $463.24 $22,731.82
Jul, 2023 7 $80.51 $382.73 $463.24 $22,349.09
Aug, 2023 8 $79.15 $384.09 $463.24 $21,965.00
Sep, 2023 9 $77.79 $385.45 $463.24 $21,579.55
Oct, 2023 10 $76.43 $386.81 $463.24 $21,192.74
Nov, 2023 11 $75.06 $388.18 $463.24 $20,804.56
Dec, 2023 12 $73.68 $389.56 $463.24 $20,415.01
Jan, 2024 13 $72.30 $390.94 $463.24 $20,024.07
Feb, 2024 14 $70.92 $392.32 $463.24 $19,631.75
Mar, 2024 15 $69.53 $393.71 $463.24 $19,238.04
Apr, 2024 16 $68.13 $395.10 $463.24 $18,842.94
May, 2024 17 $66.74 $396.50 $463.24 $18,446.43
Jun, 2024 18 $65.33 $397.91 $463.24 $18,048.52
Jul, 2024 19 $63.92 $399.32 $463.24 $17,649.21
Aug, 2024 20 $62.51 $400.73 $463.24 $17,248.48
Sep, 2024 21 $61.09 $402.15 $463.24 $16,846.33
Oct, 2024 22 $59.66 $403.57 $463.24 $16,442.75
Nov, 2024 23 $58.23 $405.00 $463.24 $16,037.75
Dec, 2024 24 $56.80 $406.44 $463.24 $15,631.31
Jan, 2025 25 $55.36 $407.88 $463.24 $15,223.43
Feb, 2025 26 $53.92 $409.32 $463.24 $14,814.11
Mar, 2025 27 $52.47 $410.77 $463.24 $14,403.33
Apr, 2025 28 $51.01 $412.23 $463.24 $13,991.11
May, 2025 29 $49.55 $413.69 $463.24 $13,577.42
Jun, 2025 30 $48.09 $415.15 $463.24 $13,162.27
Jul, 2025 31 $46.62 $416.62 $463.24 $12,745.65
Aug, 2025 32 $45.14 $418.10 $463.24 $12,327.55
Sep, 2025 33 $43.66 $419.58 $463.24 $11,907.97
Oct, 2025 34 $42.17 $421.06 $463.24 $11,486.90
Nov, 2025 35 $40.68 $422.56 $463.24 $11,064.35
Dec, 2025 36 $39.19 $424.05 $463.24 $10,640.30
Jan, 2026 37 $37.68 $425.55 $463.24 $10,214.74
Feb, 2026 38 $36.18 $427.06 $463.24 $9,787.68
Mar, 2026 39 $34.66 $428.57 $463.24 $9,359.11
Apr, 2026 40 $33.15 $430.09 $463.24 $8,929.01
May, 2026 41 $31.62 $431.62 $463.24 $8,497.40
Jun, 2026 42 $30.09 $433.14 $463.24 $8,064.25
Jul, 2026 43 $28.56 $434.68 $463.24 $7,629.58
Aug, 2026 44 $27.02 $436.22 $463.24 $7,193.36
Sep, 2026 45 $25.48 $437.76 $463.24 $6,755.60
Oct, 2026 46 $23.93 $439.31 $463.24 $6,316.28
Nov, 2026 47 $22.37 $440.87 $463.24 $5,875.41
Dec, 2026 48 $20.81 $442.43 $463.24 $5,432.98
Jan, 2027 49 $19.24 $444.00 $463.24 $4,988.99
Feb, 2027 50 $17.67 $445.57 $463.24 $4,543.42
Mar, 2027 51 $16.09 $447.15 $463.24 $4,096.27
Apr, 2027 52 $14.51 $448.73 $463.24 $3,647.54
May, 2027 53 $12.92 $450.32 $463.24 $3,197.22
Jun, 2027 54 $11.32 $451.92 $463.24 $2,745.30
Jul, 2027 55 $9.72 $453.52 $463.24 $2,291.79
Aug, 2027 56 $8.12 $455.12 $463.24 $1,836.66
Sep, 2027 57 $6.50 $456.73 $463.24 $1,379.93
Oct, 2027 58 $4.89 $458.35 $463.24 $921.58
Nov, 2027 59 $3.26 $459.97 $463.24 $461.60
Dec, 2027 60 $1.63 $461.60 $463.24 $0.00

Original vs. Car Refinance

Original Car Refinance
Monthly Payment $430.00 $463.24
Total Interest $4,564.51 $2,794.33
Total Principal $25,000.00 $25,000.00
Total Payment $29,564.51 $27,794.33
Total Interest Savings $0 $1,770.18
Payoff Date Sep, 2028 Dec, 2027


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