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Student Loan Refinancing Calculator to calculate your monthly payment by refinancing your student loan. The student loan refinance calculator will show you the total interest and savings.
Student Refinance Calculator Results |
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New Monthly Payment: |
$1,213.10 | |||||
Payoff Date: |
Aug, 2029 | |||||
Total Interest Savings: |
$32,633.75 | |||||
Student Loan Refinance Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Sep, 2023 | 1 | $321.88 | $891.22 | $1,213.10 | $74,108.78 | |
| Oct, 2023 | 2 | $318.05 | $895.05 | $1,213.10 | $73,213.73 | |
| Nov, 2023 | 3 | $314.21 | $898.89 | $1,213.10 | $72,314.85 | |
| Dec, 2023 | 4 | $310.35 | $902.74 | $1,213.10 | $71,412.10 | |
| Jan, 2024 | 5 | $306.48 | $906.62 | $1,213.10 | $70,505.49 | |
| Feb, 2024 | 6 | $302.59 | $910.51 | $1,213.10 | $69,594.98 | |
| Mar, 2024 | 7 | $298.68 | $914.42 | $1,213.10 | $68,680.56 | |
| Apr, 2024 | 8 | $294.75 | $918.34 | $1,213.10 | $67,762.22 | |
| May, 2024 | 9 | $290.81 | $922.28 | $1,213.10 | $66,839.94 | |
| Jun, 2024 | 10 | $286.85 | $926.24 | $1,213.10 | $65,913.70 | |
| Jul, 2024 | 11 | $282.88 | $930.22 | $1,213.10 | $64,983.48 | |
| Aug, 2024 | 12 | $278.89 | $934.21 | $1,213.10 | $64,049.27 | |
| Sep, 2024 | 13 | $274.88 | $938.22 | $1,213.10 | $63,111.05 | |
| Oct, 2024 | 14 | $270.85 | $942.24 | $1,213.10 | $62,168.81 | |
| Nov, 2024 | 15 | $266.81 | $946.29 | $1,213.10 | $61,222.52 | |
| Dec, 2024 | 16 | $262.75 | $950.35 | $1,213.10 | $60,272.18 | |
| Jan, 2025 | 17 | $258.67 | $954.43 | $1,213.10 | $59,317.75 | |
| Feb, 2025 | 18 | $254.57 | $958.52 | $1,213.10 | $58,359.22 | |
| Mar, 2025 | 19 | $250.46 | $962.64 | $1,213.10 | $57,396.59 | |
| Apr, 2025 | 20 | $246.33 | $966.77 | $1,213.10 | $56,429.82 | |
| May, 2025 | 21 | $242.18 | $970.92 | $1,213.10 | $55,458.90 | |
| Jun, 2025 | 22 | $238.01 | $975.08 | $1,213.10 | $54,483.82 | |
| Jul, 2025 | 23 | $233.83 | $979.27 | $1,213.10 | $53,504.55 | |
| Aug, 2025 | 24 | $229.62 | $983.47 | $1,213.10 | $52,521.08 | |
| Sep, 2025 | 25 | $225.40 | $987.69 | $1,213.10 | $51,533.39 | |
| Oct, 2025 | 26 | $221.16 | $991.93 | $1,213.10 | $50,541.45 | |
| Nov, 2025 | 27 | $216.91 | $996.19 | $1,213.10 | $49,545.27 | |
| Dec, 2025 | 28 | $212.63 | $1,000.46 | $1,213.10 | $48,544.80 | |
| Jan, 2026 | 29 | $208.34 | $1,004.76 | $1,213.10 | $47,540.05 | |
| Feb, 2026 | 30 | $204.03 | $1,009.07 | $1,213.10 | $46,530.98 | |
| Mar, 2026 | 31 | $199.70 | $1,013.40 | $1,213.10 | $45,517.58 | |
| Apr, 2026 | 32 | $195.35 | $1,017.75 | $1,213.10 | $44,499.83 | |
| May, 2026 | 33 | $190.98 | $1,022.12 | $1,213.10 | $43,477.71 | |
| Jun, 2026 | 34 | $186.59 | $1,026.50 | $1,213.10 | $42,451.21 | |
| Jul, 2026 | 35 | $182.19 | $1,030.91 | $1,213.10 | $41,420.30 | |
| Aug, 2026 | 36 | $177.76 | $1,035.33 | $1,213.10 | $40,384.96 | |
| Sep, 2026 | 37 | $173.32 | $1,039.78 | $1,213.10 | $39,345.19 | |
| Oct, 2026 | 38 | $168.86 | $1,044.24 | $1,213.10 | $38,300.95 | |
| Nov, 2026 | 39 | $164.37 | $1,048.72 | $1,213.10 | $37,252.23 | |
| Dec, 2026 | 40 | $159.87 | $1,053.22 | $1,213.10 | $36,199.01 | |
| Jan, 2027 | 41 | $155.35 | $1,057.74 | $1,213.10 | $35,141.27 | |
| Feb, 2027 | 42 | $150.81 | $1,062.28 | $1,213.10 | $34,078.99 | |
| Mar, 2027 | 43 | $146.26 | $1,066.84 | $1,213.10 | $33,012.15 | |
| Apr, 2027 | 44 | $141.68 | $1,071.42 | $1,213.10 | $31,940.73 | |
| May, 2027 | 45 | $137.08 | $1,076.02 | $1,213.10 | $30,864.71 | |
| Jun, 2027 | 46 | $132.46 | $1,080.63 | $1,213.10 | $29,784.08 | |
| Jul, 2027 | 47 | $127.82 | $1,085.27 | $1,213.10 | $28,698.81 | |
| Aug, 2027 | 48 | $123.17 | $1,089.93 | $1,213.10 | $27,608.88 | |
| Sep, 2027 | 49 | $118.49 | $1,094.61 | $1,213.10 | $26,514.27 | |
| Oct, 2027 | 50 | $113.79 | $1,099.30 | $1,213.10 | $25,414.96 | |
| Nov, 2027 | 51 | $109.07 | $1,104.02 | $1,213.10 | $24,310.94 | |
| Dec, 2027 | 52 | $104.33 | $1,108.76 | $1,213.10 | $23,202.18 | |
| Jan, 2028 | 53 | $99.58 | $1,113.52 | $1,213.10 | $22,088.66 | |
| Feb, 2028 | 54 | $94.80 | $1,118.30 | $1,213.10 | $20,970.36 | |
| Mar, 2028 | 55 | $90.00 | $1,123.10 | $1,213.10 | $19,847.27 | |
| Apr, 2028 | 56 | $85.18 | $1,127.92 | $1,213.10 | $18,719.35 | |
| May, 2028 | 57 | $80.34 | $1,132.76 | $1,213.10 | $17,586.59 | |
| Jun, 2028 | 58 | $75.48 | $1,137.62 | $1,213.10 | $16,448.97 | |
| Jul, 2028 | 59 | $70.59 | $1,142.50 | $1,213.10 | $15,306.47 | |
| Aug, 2028 | 60 | $65.69 | $1,147.41 | $1,213.10 | $14,159.06 | |
| Sep, 2028 | 61 | $60.77 | $1,152.33 | $1,213.10 | $13,006.73 | |
| Oct, 2028 | 62 | $55.82 | $1,157.27 | $1,213.10 | $11,849.46 | |
| Nov, 2028 | 63 | $50.85 | $1,162.24 | $1,213.10 | $10,687.22 | |
| Dec, 2028 | 64 | $45.87 | $1,167.23 | $1,213.10 | $9,519.99 | |
| Jan, 2029 | 65 | $40.86 | $1,172.24 | $1,213.10 | $8,347.75 | |
| Feb, 2029 | 66 | $35.83 | $1,177.27 | $1,213.10 | $7,170.48 | |
| Mar, 2029 | 67 | $30.77 | $1,182.32 | $1,213.10 | $5,988.16 | |
| Apr, 2029 | 68 | $25.70 | $1,187.40 | $1,213.10 | $4,800.76 | |
| May, 2029 | 69 | $20.60 | $1,192.49 | $1,213.10 | $3,608.27 | |
| Jun, 2029 | 70 | $15.49 | $1,197.61 | $1,213.10 | $2,410.66 | |
| Jul, 2029 | 71 | $10.35 | $1,202.75 | $1,213.10 | $1,207.91 | |
| Aug, 2029 | 72 | $5.18 | $1,207.91 | $1,213.10 | $0.00 | |
Original vs. Refinance |
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| Original | Student Loan Refinance | |||||
| Monthly Payment | $650.00 | $1,213.10 | ||||
| Total Interest | $44,976.61 | $12,342.86 | ||||
| Total Principal | $75,000.00 | $75,000.00 | ||||
| Total Payment | $119,976.61 | $87,342.86 | ||||
| Total Interest Savings | $0 | $32,633.75 | ||||
| Payoff Date | Jan, 2039 | Aug, 2029 | ||||
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