Loan Refinance Calculator
Keep current loan · refinance · balance transfer
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What this refinance comparison includes
The calculation compares the remaining scheduled payments on the current loan with a new amortizing loan plus the switching costs you enter. A lower EMI can come from a longer tenure, so the decision should be based on total remaining cost—not EMI alone.
Before switching: verify whether the new rate is floating, fixed or promotional; confirm foreclosure/prepayment terms, documentation costs, insurance requirements and how a new application could affect your credit profile.