Step 1. Current loan info


Step 2. New loan info


See what you could be saving

Plug in a few quick numbers and watch your savings add up.


Money Saved

This is extra interest you’d be paying over the life of your loan.


New Monthly Payment

This would be the new monthly payment on your loan.

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)


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