Student loan refinance total repayment calculator
Federal loan check: a private refinance removes federal repayment and forgiveness options. Review what you may give up before using a lower payment to guide a decision.
Type the balance you would refinance and pick a term. The list re-ranks itself by the interest you would pay over the life of the loan at the top of each lender's published range, because published minimums and the term change which lender's worst case is lowest.
It runs in your browser. Nothing you type is sent anywhere, and we never ask for your details.
Current loan vs refinance estimate
Why does the ranking move?
Three things move it. A published minimum loan drops a lender from the table for a smaller balance, and a maximum drops it for a larger one. The term changes the interest far more than the choice of lender: the same ceiling costs roughly three times as much over 20 years as over 5. And a range printed with autopay already included is not the range a borrower without autopay will see. The calculator uses the published range, the published limits and the stated fee, and nothing else.
Who this is not for
If you are choosing on service, forbearance terms or cosigner release, this tool has nothing to say to you. It computes from published ranges, and it does not know what rate any lender would offer you.
Related
Written by Kaz (pen name). Figures are copied from the sources' published pages on the dates shown. We have not used these products. Corrections: contact form.