Student Loan Payoff & Refinance Calculator
How to Use This Calculator
Enter your current loan details to see your payoff timeline. Add a potential refinance rate to compare savings. The extra payment field shows how additional monthly payments accelerate your debt freedom.
Calculate Your Savings
Understanding Your Results
Current Plan
Shows your payoff timeline and total interest with your existing loan terms. This is your baseline for comparison.
Refinancing
Displays potential savings with a lower interest rate. Even a 1% rate reduction can save thousands over your loan term.
Extra Payments
Shows how adding extra monthly payments reduces both your payoff time and total interest paid.
Next Steps
Use these results to compare lenders and decide if refinancing makes sense for your situation.
💡 Ready to Compare Refinance Rates?
See how much you could save by refinancing your student loans. Compare rates from top lenders without affecting your credit score.