Shorter Term

Calculators

Shorter Term Calculator

Calculate how much money you can save by refinancing into a shorter loan term.

CURRENT LOAN

Initial Loan Amount
$
Current Interest Rate
%
Initial Loan Term
Yrs
Months Already Paid
Mos

NEW LOAN

New Loan Amount
$
New Interest Rate
%
New Loan Term
Yrs

Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

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Results

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How much sooner will you pay your loan off (Loan Term Reduction)
0 Months Early
Difference in Monthly Principal and Interest Payment
$0.00
Interest Savings over the life of the loan
$0.00