See if refinancing your car loan saves money after fees, with monthly savings, interest saved, and break-even months.
Includes refinance fees in the break-even calculation — the way it should be done.
Auto loan rates change more than most people realize, and credit scores usually improve after a year or two of on-time payments. This calculator shows whether refinancing your current auto loan actually saves money after title transfer, lien, and any lender fees.
Monthly savings = Current monthly − New monthly. Break-even months = Fees ÷ Monthly savings. Net savings = (Current lifetime interest − New lifetime interest) − Fees.
A $22,000 balance at 9% with 48 months left costs about $547/month. Refinancing to 6.5% over 48 months drops it to $522/month — $25 savings. With $150 in fees, break-even is 6 months and net lifetime savings is about $1,050.
Estimate your monthly car payment with down payment, trade-in value, sales tax, and fees built in.
Estimate the monthly payment, total interest, and total cost of a personal loan at any rate and term.
Calculate the true APR of a loan when origination fees, points, and other financed costs are included — the number that actually compares two offers.
Compare two loan offers side by side — monthly payment, total interest, total cost including fees, and effective APR.
When rates have dropped meaningfully, your credit has improved, and there's enough time left on the loan to recover fees.
A hard inquiry drops your score 5–10 points temporarily. On-time payments recover it quickly.
Difficult — most lenders require the loan-to-value ratio to be under 100–125%.
This calculator is for educational and estimation purposes only. It does not provide financial, mortgage, tax, investment, or legal advice. Actual rates, payments, taxes, fees, insurance costs, eligibility, and loan terms vary by lender, location, credit profile, and market conditions. Always compare official offers and consult a qualified professional before making financial decisions.
Last updated June 2026 · Prepared by the mCalculator Editorial Team