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Estimate only. This calculator is for general information and does not constitute a financing offer, quote or approval. Actual rates, terms and payments depend on credit, equipment, and lender underwriting. Contact TruCapital for a tailored pre-approval.
Should you refinance?
Enter your current balance, rate and months remaining, then a new rate and term. The calculator estimates your new payment, monthly saving, and total saving. Refinancing can lower payments or shorten a term — the right move depends on your goal and any prepayment terms on the existing contract.
Frequently asked questions
Does a lower monthly payment always save money?
Not necessarily. Extending the term can lower the payment while increasing total interest. Look at total cost, not just the monthly figure.