Global Loan Refinancing Savings Tool
Compare your current loan with a new one – see monthly savings, total interest saved, and break‑even – no currency symbols, just numbers.
✨ NOTE: This tool provides estimates for educational purposes only. Actual refinancing decisions depend on lender offers and your specific situation.
📊 Formulas:
• EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P = remaining balance, r = monthly interest rate (annual/12/100), n = tenure in months.
• Monthly savings = current EMI – new EMI.
• Total interest saved = (current EMI × current remaining months) – (new EMI × new months) – fees? Actually we compute total interest for current and new, then subtract fees.
• Break‑even months = fees / monthly savings (if monthly savings > 0).
🔒 Privacy first: All calculations happen locally in your browser. No data is sent to any server.
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