Compare the current loan against a refinanced rate over the same term, fees included.
How to read the results
Both loans are amortised over the term and their payments and interest compared.
Student loan refinance calculator
Compare the current loan against a refinanced rate over the same term, fees included.
Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
7.4%
4.9%
10 yr
$
Total saved
$6,352
Monthly saving
$53
- Current payment
- $496
- Refinanced payment
- $443
- Interest before
- $17,563
- Interest after
- $11,211
Methodology
Both loans are amortised over the term and their payments and interest compared.
- · Refinancing may forfeit protections
- · Fees are added to the new balance
Estimates only. Nothing here is financial advice. Spotted something wrong? Tell us and it gets fixed.