Refinance Calculator

Refinance Calculator

Current Loan Balance ($) Current Interest Rate (%) Remaining Term (years) New Interest Rate (%) New Term (years) Closing Costs ($)

Enter your details and click Calculate.

 Refinance Calculator Information

 Refinance Calculator is a useful financial tool because it can help you find a loan refinance that will be beneficial. Yeh calculator aapke existing loan terms aur new loan terms ko compare karke batata hai ki aap kitna paisa save kar sakte hain.

 What You Need to Know About a Refinance Calculator:  Current Loan Details: The amount of the loan, the interest rate, and how long it will last. ✔ New Loan Details – Proposed loan amount, new interest rate, and loan term.

 ✔ Closing Costs – Fees associated with refinancing (processing fee, legal charges, etc.).

  Savings Calculation: the break-even point, total interest savings, and monthly EMI difference. How to Use a Refinance Calculator?

 Enter Current Loan Info – Balance, interest rate, and remaining years.

 Enter New Loan Terms – New rate, loan tenure, and any additional fees.

 Calculate & Compare – Check if refinancing reduces EMI or total interest cost.

 Example:

 Current Loan: 30 lakh at 8.5%, remaining 15 years New Loan: ₹30 Lakh @ 7%, 15 years

 Result: Lower EMI + Interest Savings (if processing fees justify the switch).

 🔹 Best for: Home loans, car loans, or personal loans where interest rates have dropped.