Car Loan Refinance Break-Even Calculator
Refinancing a car loan can lower your monthly payment, but fees and a new amortization schedule can eat into savings. Enter your current loan details and a refinance offer to see your break-even point and total savings.
About this calculator
Compare your current auto loan against a refinance offer to see the exact month you break even after fees, and how much total interest you'll save.
Frequently Asked Questions
How is break-even calculated?
We divide the refinance fees by your monthly payment savings to find how many months it takes for the savings to offset the cost of refinancing.
Should I refinance if the break-even is longer than I plan to keep the car?
Generally no — if you'll sell or pay off the car before the break-even month, refinancing may not be worth the fees.
Does this account for extending the loan term?
Yes, a longer new term can lower payments but increase total interest paid — check the total interest savings figure, which can be negative even if monthly payments drop.