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Student Loan

Student Loan Refinance Calculator

Compare your current student loan payments with a refinanced private loan. Calculate monthly savings, total interest savings, and the trade-offs of refinancing federal loans to private.

By Quick Loan Calculators Team, Financial Content TeamLast reviewed: April 2026
$45,000
6.5%
4.5%

New Monthly Payment

$625.51

Current Payment

$602.38

Monthly Savings

-$23.13

Total Interest Savings

$5,285.92

New Total Interest

$7,542.61

Current Total Interest

$12,828.52

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Payment Breakdown

Payment breakdown: $0.00 principal (0.0%), $7,542.61 interest (100.0%)

Principal

$0.00 (0.0%)

Interest

$7,542.61 (100.0%)

How This Calculator Works

Compares remaining cost of your current loan versus a new refinanced loan. Shows monthly payment difference, total interest savings, and overall cost comparison.

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Frequently Asked Questions

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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.