Auto Refinance Calculator
Auto Refinance Calculator to calculate how much interest savings that you can save by refinancing your car. The car refinance calculator will show you the new monthly payment with amortization schedule that breaks down all the interest and principal payments.
Car Refinance Calculator Results |
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New Monthly Payment: |
$399.73 | |||||
Payoff Date: |
Oct, 2028 | |||||
Total Interest Savings: |
$1,127.52 | |||||
Car Refinance Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Nov, 2023 | 1 | $63.25 | $336.48 | $399.73 | $21,663.52 | |
| Dec, 2023 | 2 | $62.28 | $337.44 | $399.73 | $21,326.08 | |
| Jan, 2024 | 3 | $61.31 | $338.41 | $399.73 | $20,987.67 | |
| Feb, 2024 | 4 | $60.34 | $339.39 | $399.73 | $20,648.28 | |
| Mar, 2024 | 5 | $59.36 | $340.36 | $399.73 | $20,307.92 | |
| Apr, 2024 | 6 | $58.39 | $341.34 | $399.73 | $19,966.58 | |
| May, 2024 | 7 | $57.40 | $342.32 | $399.73 | $19,624.26 | |
| Jun, 2024 | 8 | $56.42 | $343.31 | $399.73 | $19,280.95 | |
| Jul, 2024 | 9 | $55.43 | $344.29 | $399.73 | $18,936.66 | |
| Aug, 2024 | 10 | $54.44 | $345.28 | $399.73 | $18,591.37 | |
| Sep, 2024 | 11 | $53.45 | $346.28 | $399.73 | $18,245.10 | |
| Oct, 2024 | 12 | $52.45 | $347.27 | $399.73 | $17,897.83 | |
| Nov, 2024 | 13 | $51.46 | $348.27 | $399.73 | $17,549.56 | |
| Dec, 2024 | 14 | $50.45 | $349.27 | $399.73 | $17,200.29 | |
| Jan, 2025 | 15 | $49.45 | $350.28 | $399.73 | $16,850.01 | |
| Feb, 2025 | 16 | $48.44 | $351.28 | $399.73 | $16,498.73 | |
| Mar, 2025 | 17 | $47.43 | $352.29 | $399.73 | $16,146.44 | |
| Apr, 2025 | 18 | $46.42 | $353.30 | $399.73 | $15,793.13 | |
| May, 2025 | 19 | $45.41 | $354.32 | $399.73 | $15,438.81 | |
| Jun, 2025 | 20 | $44.39 | $355.34 | $399.73 | $15,083.47 | |
| Jul, 2025 | 21 | $43.36 | $356.36 | $399.73 | $14,727.11 | |
| Aug, 2025 | 22 | $42.34 | $357.39 | $399.73 | $14,369.72 | |
| Sep, 2025 | 23 | $41.31 | $358.41 | $399.73 | $14,011.31 | |
| Oct, 2025 | 24 | $40.28 | $359.44 | $399.73 | $13,651.87 | |
| Nov, 2025 | 25 | $39.25 | $360.48 | $399.73 | $13,291.39 | |
| Dec, 2025 | 26 | $38.21 | $361.51 | $399.73 | $12,929.88 | |
| Jan, 2026 | 27 | $37.17 | $362.55 | $399.73 | $12,567.33 | |
| Feb, 2026 | 28 | $36.13 | $363.59 | $399.73 | $12,203.73 | |
| Mar, 2026 | 29 | $35.09 | $364.64 | $399.73 | $11,839.09 | |
| Apr, 2026 | 30 | $34.04 | $365.69 | $399.73 | $11,473.40 | |
| May, 2026 | 31 | $32.99 | $366.74 | $399.73 | $11,106.66 | |
| Jun, 2026 | 32 | $31.93 | $367.79 | $399.73 | $10,738.87 | |
| Jul, 2026 | 33 | $30.87 | $368.85 | $399.73 | $10,370.02 | |
| Aug, 2026 | 34 | $29.81 | $369.91 | $399.73 | $10,000.10 | |
| Sep, 2026 | 35 | $28.75 | $370.98 | $399.73 | $9,629.13 | |
| Oct, 2026 | 36 | $27.68 | $372.04 | $399.73 | $9,257.09 | |
| Nov, 2026 | 37 | $26.61 | $373.11 | $399.73 | $8,883.97 | |
| Dec, 2026 | 38 | $25.54 | $374.18 | $399.73 | $8,509.79 | |
| Jan, 2027 | 39 | $24.47 | $375.26 | $399.73 | $8,134.53 | |
| Feb, 2027 | 40 | $23.39 | $376.34 | $399.73 | $7,758.19 | |
| Mar, 2027 | 41 | $22.30 | $377.42 | $399.73 | $7,380.77 | |
| Apr, 2027 | 42 | $21.22 | $378.51 | $399.73 | $7,002.26 | |
| May, 2027 | 43 | $20.13 | $379.59 | $399.73 | $6,622.67 | |
| Jun, 2027 | 44 | $19.04 | $380.69 | $399.73 | $6,241.98 | |
| Jul, 2027 | 45 | $17.95 | $381.78 | $399.73 | $5,860.20 | |
| Aug, 2027 | 46 | $16.85 | $382.88 | $399.73 | $5,477.32 | |
| Sep, 2027 | 47 | $15.75 | $383.98 | $399.73 | $5,093.35 | |
| Oct, 2027 | 48 | $14.64 | $385.08 | $399.73 | $4,708.26 | |
| Nov, 2027 | 49 | $13.54 | $386.19 | $399.73 | $4,322.07 | |
| Dec, 2027 | 50 | $12.43 | $387.30 | $399.73 | $3,934.77 | |
| Jan, 2028 | 51 | $11.31 | $388.41 | $399.73 | $3,546.36 | |
| Feb, 2028 | 52 | $10.20 | $389.53 | $399.73 | $3,156.83 | |
| Mar, 2028 | 53 | $9.08 | $390.65 | $399.73 | $2,766.18 | |
| Apr, 2028 | 54 | $7.95 | $391.77 | $399.73 | $2,374.41 | |
| May, 2028 | 55 | $6.83 | $392.90 | $399.73 | $1,981.51 | |
| Jun, 2028 | 56 | $5.70 | $394.03 | $399.73 | $1,587.48 | |
| Jul, 2028 | 57 | $4.56 | $395.16 | $399.73 | $1,192.32 | |
| Aug, 2028 | 58 | $3.43 | $396.30 | $399.73 | $796.02 | |
| Sep, 2028 | 59 | $2.29 | $397.44 | $399.73 | $398.58 | |
| Oct, 2028 | 60 | $1.15 | $398.58 | $399.73 | $0.00 | |
Original vs. Car Refinance |
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| Original | Car Refinance | |||||
| Monthly Payment | $420.00 | $399.73 | ||||
| Total Interest | $3,111.08 | $1,983.56 | ||||
| Total Principal | $22,000.00 | $22,000.00 | ||||
| Total Payment | $25,111.08 | $23,983.56 | ||||
| Total Interest Savings | $0 | $1,127.52 | ||||
| Payoff Date | Oct, 2028 | Oct, 2028 | ||||
