Select the currency, enter the value, and click Calculate. The result will be displayed.
Input data:
Currency: US dollar
Current loan information:
Total loan amount: USD 450,000.00
Annual interest rate: 7.000%
Repayment period: 10 years
The remaining months: December
Refinancing information:
Total loan amount: USD 300,000
Annual interest rate: 7.000%
Repayment period: 8 years
Click "Calculate" to output data Current loan balance: $60,384.58
Monthly payment: $5,224.88/month
Monthly reimbursement for refinancing: $4,090.12/month
Total cost of refinancing loans: $392,651.05
Savings / Refinancing losses: -329,952.47 USD
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