Finance Tools
Student Loan Refinance Savings Calculator
Compare your current student loan to a refinance offer to estimate monthly savings, total savings, interest savings, and break-even month if fees apply.
Compare your current student loan against a refinance offer. See monthly savings, total savings, interest savings, and an optional break-even month if you pay refinance fees.
How to use this student loan refinance savings calculator
- Enter your remaining loan balance and current APR and remaining term.
- Enter the refinance APR and term from a new offer.
- Optionally add refinance fees to calculate a break-even month.
- Compare monthly payment and total cost to estimate savings.
Example
If you owe $35,000 at 6.5% with 10 years remaining and get a refinance offer at 5.0%, this tool can estimate:
- Monthly payment change
- Total savings and interest savings
- Break-even month if you pay fees
More tools in Finance Tools
- Loan Payment Calculator
Calculate monthly payment for a fixed-rate loan.
- Refinance Calculator
Compare your current mortgage with a new refinance offer and see monthly savings, total interest saved, and breakeven point.
- Loan Calculator
Calculate monthly payment, total interest, and total cost for a fixed-rate loan.
- APR Calculator
Estimate the annual percentage rate (APR) for a loan, including upfront fees and closing costs.