This includes the new interest rate, the loan term, and any associated fees.Įntering all the required information, the calculator will display the estimated savings you could achieve by refinancing your car loan. Next, enter the details of the refinancing loan that you are considering. You will typically need to input the current balance of your loan, the interest rate, and the remaining term. Once you have your loan details, enter them into the car refinancing calculator. This includes the current balance of your loan, the interest rate, and the remaining term. Learn more about buying, leasing and refinancing cars from Bankrate. Enter the amount, length, vehicle type and interest rate to get an estimate of your car loan cost, including fees and additional costs. Heres how an auto refinance works, when you should consider one and when you should wait. To use a car refinancing calculator, follow these steps:īefore using the calculator, you will need to gather some information about your current car loan. Estimate your monthly payment and compare auto loan rates with this calculator. Refinancing your car loan can save you moneybut its important not to rush into the process. This includes the new interest rate, the loan term, and any associated fees. Calculate what you may save when you refinance a car loan with the Auto Refinance Interest Savings Calculator from Westerly Community Credit Union. In addition, it will calculate the number of months to. You will typically need to input the current balance of your loan, the interest rate, and the remaining term. Use this calculator to plan the refinancing of a loan and compare the existing or refinanced loan with different scenarios. Enter the specifics about your current loan and determine how much interest refinancing can save you. Plug your numbers into LendingTree’s car refinance calculator to find out how much you may save by refinancing your auto loan. Lock your refinance rate: Work with your lender to lock your interest rate when you believe it's the lowest.Ĭomplete a home appraisal: Most lenders require a home appraisal.Ĭlose your loan: Review the closing documents and disclosures, pay any applicable closing costs, and sign.Our car refinancing calculator is a helpful tool that allows you to estimate the potential savings you could achieve by refinancing your car loan. Once you have your loan details, enter them into the car refinancing calculator. Contact the lender, or find a lender to work with in your area.Īpply for a refinance: Once you apply, your lender will provide you with initial disclosures that outline the terms of the loan. Shop refinance rates: Compare different interest rates using the custom rates tool or refinance calculator above to determine if refinancing at a current rate would accomplish your refinancing goals. Select a type of mortgage refinance: You have many refinancing options, including refreshing your rate and term (rate-and-term refinance), applying more cash toward your equity (cash-in refinance), pulling money out of your home equity (cash-out refinance), or opting for a streamline refinance to lower your monthly payments. The process of refinancing will follow these typical steps:

Auto loan refinance calculator