Welcome to our Student Loan Refinance Calculator. A student loan refinancing calculator is a tool that helps you compare your current loan with a potential new loan. You can enter your current loan balance, interest rate, and remaining term, as well as the interest rate and term for a new loan. The calculator will show you how much you can save or spend by refinancing your student loan.

User inputs:

• Student loan balance Average interest rate Remaining loan term (yr) New interest rate New loan term (years)

Outputs:

• Added Interest New Monthly Payment ORIGINAL LOAN NEW LOAN SAVINGS Total Interest Monthly Payment Interest Rate Term in Years