Refinance Calculator - University Credit Union, Los Angeles, CA

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Loan Refinance Calculator

This calculator will determine the amount of interest you can save when you refinance your current credit balances to a UCU loan. You can use this to compare credit card balances and medical bills when consolidated to a UCU Personal Loan or to compare a car loan at your current rate versus a UCU car loan rate.

You will need to have information on the current balance, the rate on your existing loan and the remaining term on your loan (you can enter decimal points; 4.5 = 4 1/2 years).

Many members will match their exact repayment term, so the UCU loan pays off in the same time period as the existing loan. Some will use the lower rate to pay off the loan quicker (by paying the same monthly payment at the lower rate). Others may want to make their payment as low as possible, so they take the loan for the longest repayment term.

This calculator will give you the monthly payment of the new loan and provide you with information on potential interest savings.

Credit union rates to plug into calculator:

New Car Loan: 5.75% APR
Used Car Loan: 5.75% APR (Purchases: 2006-2008)
Used Car Loan: 7.65% APR (Purchases: 1998-2005)
Used Car Loan: 7.65% APR (Refinances: 1998-2008)
Personal Loan: 9.95% APR
Personal Line of Credit: 5.95% APR
Home Equity Loans: Click to see rates

Loan Refinance Calculator
Amount to refinance:
Current rate (%):	Credit union rate (%):
Length of remaining loan term (years):	Length of credit union loan (years):

Approximate current monthly payment:	Monthly payment with credit union loan:

All loan rates quoted are Annual Percentage Rates (APR). Rates are subject to change without notice. The Personal Line of Credit Loan at 5.95% APR is a variable rate and changes quarterly.

University Credit Union is an Equal Housing Lender.

Disclaimer: Our calculators are presented strictly for illustrative purposes. They do not constitute an offer to lend or provide a stated return on shares. All results disclosed by the calculators are estimates, and the credit union assumes no liability or responsibility for computational errors. The credit union makes no guarantee or representation that you will qualify for any particular loan or loan terms, or guaranteed calculated return on shares.