Refinance savings
Dollar savings do not count the value of IDR, PSLF, or federal forbearance. Run the repayment estimator before you give those up.
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Current monthly
$348.33New monthly
$318.20Interest savings (or cost)
$3,615.46Current total interest $11,799.05. New total interest $8,183.59. Monthly difference $30.13.
Dollar savings (or costs) from this calculator do not count the value of income-driven repayment, Public Service Loan Forgiveness, or federal deferment or forbearance.
When not to refinance
- You are pursuing or might pursue Public Service Loan Forgiveness.
- You need an income-driven payment you can actually afford.
- You may need federal deferment or forbearance.
- You are on, or may need, the Repayment Assistance Plan.
- A court or servicer notice about the end of SAVE is still unresolved for you. Pick a federal plan first at studentaid.gov.
Refinance partner links are not live yet. This page stops at the math and the federal warning.