Auto Loan Refinance Breakeven Calculator

Find out how many months you will need to keep your car under the new loan terms in order for it to make financial sense to refinance your auto loan.

Current Monthly Payment $
Balance of Current Auto Loan $
New Auto Loan Interest Rate (e.g., 8%) per year
Repayment Term of New Auto Loan years
Closing Costs of New Auto Loan * $
*Closing costs include any fees you need to pay the lender associated with completing your new auto refinance loan.

New Monthly Payment:
Difference In Payments with New Loan:
Number of Months Required to Recover Closing Costs (Breakeven Point):

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