Loan Refinancing & Early Settlement Comparator. Enter your own figures, review the method and download a local financial report.
Workspace
Net saving over the remaining termKSh 46,091.52
The entered replacement saves money over the same remaining term after upfront cash fees.
Current monthly payment
KSh 36,152.40
Replacement monthly payment
KSh 34,177.63
Monthly payment saving
KSh 1,974.77
Cash fees
KSh 25,000.00
Simple fee-recovery time
13 months
Financial comparison
Current balance
Replacement balance
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Remaining cash payments
Remaining cash payments
Option
Loan payments KSh
Separate fees KSh
Total cash cost KSh
Continue
1,301,486.20
0.00
1,301,486.20
Refinance
1,230,394.68
25,000.00
1,255,394.68
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Method, assumptions & sources
Same outstanding principal and term; both loans use reducing-balance monthly payments. Fees are paid separately in cash and are not financed. The simple recovery time ignores discounting; when payment saving is zero or negative there is no fee-recovery date. A lender settlement quote may include other charges.
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