Student Loan Refinance Calculator | Earnest | Earnest
Student Loan Refinance Calculator
Is refinancing right for you?
What is your top refinancing goal?
- Pay less each month
- Pay less money overall
- Get a better interest rate
- Have more time to pay off my loan
- Get out of debt sooner
- Combine loans into one single payment
- Other
What is your estimated refinance amount?
Your monthly payment may decrease by
$298
Your monthly payment may decrease by
$298
| Current loan | New loan | Difference | |
|---|---|---|---|
| Monthly payment | $689 | $391-$298 | -$298 |
| Interest rate | 8.30% | 6.46%-1.84% | -1.84% |
| Loan length | 33 months | 60 months+27 months | +27 months |
| Est. payoff date | 04/2029 | 07/2031+27 months | +27 months |
| Total interest | $2,402 | $3,460+$1,058 | +$1,058 |
| Total loan cost | $22,402 | $23,460+$1,058 | +$1,058 |
Get a personalized rate in just 3 steps
- No fees of any kind
- Check your rate with no commitment or credit impact
- Talk to a real person in under 90 seconds if you have questions
No Fees. No Credit Impact
Get a personalized rate in minutes.
This calculator is a tool to help you visualize repayment options for student loans based on various scenarios provided by you. The information on this page is presented for general personal finance education and it is not intended to provide legal, financial, or tax advice. The accuracy of the calculated results is not guaranteed, and the results are intended for illustrative purposes only. This calculator does not indicate whether you would qualify for an Earnest loan, and the interest rate we approve for you may be higher than the options shown in this calculator if you do qualify. Note that even if you refinance your student loans with Earnest, the outputs of the calculator may not align with loan agreement terms due to several factors, such as your repayment schedule, the interest rate we approve for you, whether you end up choosing a fixed or variable interest rate upon approval, or the timing for sending a payoff to former servicers.
*When refinancing into a longer term and benefiting from lower monthly payments, borrowers will typically pay more total interest over the duration of the loan.
Get the FAQs on student loan refinancing
Should I refinance my student loans?
When should I refinance my student loans?
Can I refinance only my high-interest loans?
Is it possible to refinance both federal and private student loans?
What credit score do I need to refinance my student loans?
Does refinancing student loans hurt your credit?
Do I have to be a U.S. Citizen or Permanent Resident?
How do I refinance my student loans?
Do you offer a rate discount?
What’s the difference between an APR and an interest rate?
The Earnest Blog
Read up on student loan refinancing
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How to Refinance Student Loans With a Cosigner in 2026: A Quick Guide
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Student Loan Consolidation in 2026: Everything You Need to Know
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How to Refinance Student Loans in 2026: The Complete Guide
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Your happiness is our job
Did you know Earnest has a whole team dedicated to client happiness? If you have any questions about your application or a current student loan, you can talk to us.
(888) 601-2801
Refinancing with serious benefits
Radical Flexibility
- Pick your payment and loan term, remove a cosigner, and consolidate multiple loans.
People-first service
- No robocalls. Just helpful and compassionate customer service.
Low interest rates
- Lower rates could mean big savings and much faster loan payoff on student loans.