Personal Loan
Personal Loan Refinance Calculator
Personal loan refinances often come with an origination fee taken off the top. See the real payment and interest trade-off after that fee.
Personal Loan
Personal loan refinances often come with an origination fee taken off the top. See the real payment and interest trade-off after that fee.
Unlike a mortgage, a personal loan's origination fee is typically subtracted directly from what's disbursed to you — or to your old lender, if you're consolidating. That means a $14,000 loan with a 4% fee actually pays out $13,440. This calculator surfaces that gap instead of hiding it in the fine print.
Because fees are baked in differently across lenders, comparing APR — which accounts for fees — gives a fairer picture than comparing interest rates alone.
They overlap. Consolidation typically means combining several debts into one new personal loan; refinancing usually means replacing a single existing loan with a new one on better terms.
Applying usually triggers a hard inquiry, and closing the old account changes your credit mix and average account age — both can cause a small, typically temporary dip.