Refinance Calculator For Student Loans
Total student loan balance.
Refinance calculator for student loans. Current monthly payment amount. Student loan refinancing means swapping your current student loans for a new loan with a lower interest rate. That could save you big money over time. Number of monthly payments left.
Variable rates from 2 31 apr to 7 774 apr with autopay. A student loan balance is the amount that a borrower has left. Whether you should refinance student loans. Because we allow you to customize your loan terms and type of interest rate our refinancing calculator will help you understand how each loan feature can impact your savings.
If you have multiple student loans simply combine the loans and average their principal. Student loan consolidation vs. Fixed rates from 3 35 apr to 7 774 apr with autopay. Your current total monthly.
Interest rates on variable rate loans are capped at either 8 95 or 9 95 depending on term of loan. Refinancing calculator our fast and easy student loan calculator lets you plug in your remaining debt and monthly payment to figure out how much a student loan refinance can improve your finances. Both will combine your loans into one new loan with one monthly payment. Our calculator shows how much you can save on your student loans by refinancing with sofi.
Lowest variable rate of 2 31 apr assumes current 1 month libor rate of 1 62 plus 0 94 margin minus 0 25 ach discount. Just add in your current student loan information and we ll calculate your estimated savings both monthly and over the lifetime of your loan. See apr examples and terms. How to use our student loan refinance calculator 1.