Refinance Loan Calculator

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LoanMajor’s Refinance Loan Calculator can save you over $20,000 if you have high student debt levels. It was designed with a simple goal in mind: Why refinance all your loans if you do not have to? This allows the calculator to maximize your interest rate savings by only refinancing high interest rate loans. All you need is your current student loan information and a refinance loan rate and refinance loan repayment period. If you need to compare refinance loan rates and terms, we recommend using Credible for prequalified rates without affecting your credit score!

These calculations assume fixed rate loans because the uncertainty of variable rate loans would make it nearly impossible to estimate.

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Current Student Loan Estimates

Total Monthly Payment:

Total Loans:

Estimated Total Interest:

Average Interest Rate:

Best Loans to Refinance Based on New Interest Rate*

Student Loan Estimates after Refinance

Refinance Loan Payment:

New Total Payment:

Monthly Payment Savings:

New Average Interest Rate:

New Total Interest:

Total Interest Savings: