Auto
Auto Refinance Savings Calculator
A lower rate doesn't always mean a better deal once the term changes. Run both numbers before you refinance.
Interactive tool
Auto Refinance Savings Calculator
Should you refinance your auto loan? Monthly savings, break-even point, and total interest saved vs. your current path.
Current loan
New loan
Most auto-refi lenders charge no origination or closing fees — leave as $0 if none apply.
Refi makes sense
- New monthly payment
- $422.73/mo
- vs current monthly payment
- $452.22/mo
- Monthly savings
- +$29.49/mo
- Break-even point
- Immediate (no closing costs)
- Net lifetime savings (after closing costs)
- $1,415
Frequently asked
Do auto refinances usually have closing costs?
Most auto-refi lenders charge no origination or closing fees — leave the field at $0 unless yours quotes one. That also means the break-even is effectively immediate whenever the new payment is lower.
Should I take a longer new term to lower my payment?
A longer term can lower the monthly payment, but it also stretches out how long you're paying interest and can increase total interest paid even at a lower rate. This calculator shows both the monthly savings and the lifetime interest comparison — check both before deciding.
What does this have to do with insurance?
Nothing directly — ClearValue Insure isn't a lender and doesn't originate auto loans. But refinancing is a natural moment to also check your auto-insurance coverage: rates and available discounts shift over time, and it's worth comparing while you're already reviewing the loan.