Student Loan Refinancing Calculator

Student Loan Refinancing Calculator to calculate the new monthly payments after you refinance your student loan.

Student Loan Refinance Calculator

Remaining Balance
$
Interest Rate
Current Monthly Payment
$
New Interest Rate
New Loan Terms
years

Student Refinance Calculator Results

New Monthly Payment:
$1,541.01
Payoff Date:
Aug, 2028
Total Interest Savings:
$25,410.98

Student Loan Refinance Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Sep, 2022 1 $415.63 $1,125.38 $1,541.01 $93,874.62
Oct, 2022 2 $410.70 $1,130.31 $1,541.01 $92,744.31
Nov, 2022 3 $405.76 $1,135.25 $1,541.01 $91,609.05
Dec, 2022 4 $400.79 $1,140.22 $1,541.01 $90,468.83
Jan, 2023 5 $395.80 $1,145.21 $1,541.01 $89,323.63
Feb, 2023 6 $390.79 $1,150.22 $1,541.01 $88,173.41
Mar, 2023 7 $385.76 $1,155.25 $1,541.01 $87,018.16
Apr, 2023 8 $380.70 $1,160.31 $1,541.01 $85,857.85
May, 2023 9 $375.63 $1,165.38 $1,541.01 $84,692.47
Jun, 2023 10 $370.53 $1,170.48 $1,541.01 $83,521.99
Jul, 2023 11 $365.41 $1,175.60 $1,541.01 $82,346.39
Aug, 2023 12 $360.27 $1,180.74 $1,541.01 $81,165.64
Sep, 2023 13 $355.10 $1,185.91 $1,541.01 $79,979.73
Oct, 2023 14 $349.91 $1,191.10 $1,541.01 $78,788.64
Nov, 2023 15 $344.70 $1,196.31 $1,541.01 $77,592.33
Dec, 2023 16 $339.47 $1,201.54 $1,541.01 $76,390.78
Jan, 2024 17 $334.21 $1,206.80 $1,541.01 $75,183.98
Feb, 2024 18 $328.93 $1,212.08 $1,541.01 $73,971.90
Mar, 2024 19 $323.63 $1,217.38 $1,541.01 $72,754.52
Apr, 2024 20 $318.30 $1,222.71 $1,541.01 $71,531.81
May, 2024 21 $312.95 $1,228.06 $1,541.01 $70,303.75
Jun, 2024 22 $307.58 $1,233.43 $1,541.01 $69,070.32
Jul, 2024 23 $302.18 $1,238.83 $1,541.01 $67,831.50
Aug, 2024 24 $296.76 $1,244.25 $1,541.01 $66,587.25
Sep, 2024 25 $291.32 $1,249.69 $1,541.01 $65,337.56
Oct, 2024 26 $285.85 $1,255.16 $1,541.01 $64,082.40
Nov, 2024 27 $280.36 $1,260.65 $1,541.01 $62,821.75
Dec, 2024 28 $274.85 $1,266.16 $1,541.01 $61,555.59
Jan, 2025 29 $269.31 $1,271.70 $1,541.01 $60,283.88
Feb, 2025 30 $263.74 $1,277.27 $1,541.01 $59,006.62
Mar, 2025 31 $258.15 $1,282.86 $1,541.01 $57,723.76
Apr, 2025 32 $252.54 $1,288.47 $1,541.01 $56,435.29
May, 2025 33 $246.90 $1,294.11 $1,541.01 $55,141.19
Jun, 2025 34 $241.24 $1,299.77 $1,541.01 $53,841.42
Jul, 2025 35 $235.56 $1,305.45 $1,541.01 $52,535.97
Aug, 2025 36 $229.84 $1,311.16 $1,541.01 $51,224.80
Sep, 2025 37 $224.11 $1,316.90 $1,541.01 $49,907.90
Oct, 2025 38 $218.35 $1,322.66 $1,541.01 $48,585.24
Nov, 2025 39 $212.56 $1,328.45 $1,541.01 $47,256.79
Dec, 2025 40 $206.75 $1,334.26 $1,541.01 $45,922.53
Jan, 2026 41 $200.91 $1,340.10 $1,541.01 $44,582.43
Feb, 2026 42 $195.05 $1,345.96 $1,541.01 $43,236.47
Mar, 2026 43 $189.16 $1,351.85 $1,541.01 $41,884.62
Apr, 2026 44 $183.25 $1,357.76 $1,541.01 $40,526.85
May, 2026 45 $177.30 $1,363.70 $1,541.01 $39,163.15
Jun, 2026 46 $171.34 $1,369.67 $1,541.01 $37,793.48
Jul, 2026 47 $165.35 $1,375.66 $1,541.01 $36,417.82
Aug, 2026 48 $159.33 $1,381.68 $1,541.01 $35,036.13
Sep, 2026 49 $153.28 $1,387.73 $1,541.01 $33,648.41
Oct, 2026 50 $147.21 $1,393.80 $1,541.01 $32,254.61
Nov, 2026 51 $141.11 $1,399.90 $1,541.01 $30,854.71
Dec, 2026 52 $134.99 $1,406.02 $1,541.01 $29,448.69
Jan, 2027 53 $128.84 $1,412.17 $1,541.01 $28,036.52
Feb, 2027 54 $122.66 $1,418.35 $1,541.01 $26,618.17
Mar, 2027 55 $116.45 $1,424.56 $1,541.01 $25,193.62
Apr, 2027 56 $110.22 $1,430.79 $1,541.01 $23,762.83
May, 2027 57 $103.96 $1,437.05 $1,541.01 $22,325.78
Jun, 2027 58 $97.68 $1,443.33 $1,541.01 $20,882.45
Jul, 2027 59 $91.36 $1,449.65 $1,541.01 $19,432.80
Aug, 2027 60 $85.02 $1,455.99 $1,541.01 $17,976.81
Sep, 2027 61 $78.65 $1,462.36 $1,541.01 $16,514.45
Oct, 2027 62 $72.25 $1,468.76 $1,541.01 $15,045.69
Nov, 2027 63 $65.82 $1,475.18 $1,541.01 $13,570.50
Dec, 2027 64 $59.37 $1,481.64 $1,541.01 $12,088.87
Jan, 2028 65 $52.89 $1,488.12 $1,541.01 $10,600.74
Feb, 2028 66 $46.38 $1,494.63 $1,541.01 $9,106.11
Mar, 2028 67 $39.84 $1,501.17 $1,541.01 $7,604.94
Apr, 2028 68 $33.27 $1,507.74 $1,541.01 $6,097.20
May, 2028 69 $26.68 $1,514.33 $1,541.01 $4,582.87
Jun, 2028 70 $20.05 $1,520.96 $1,541.01 $3,061.91
Jul, 2028 71 $13.40 $1,527.61 $1,541.01 $1,534.30
Aug, 2028 72 $6.71 $1,534.30 $1,541.01 $0.00

Original vs. Refinance

Original Student Loan Refinance
Monthly Payment $850.00 $1,541.01
Total Interest $41,363.68 $15,952.69
Total Principal $95,000.00 $95,000.00
Total Payment $136,363.68 $110,952.69
Total Interest Savings $0 $25,410.98
Payoff Date Jan, 2036 Aug, 2028


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