A lower payment is not the same as paying less. These tools compare every way out on what it costs in total.
A real saving, or a lower payment stretched over more months.
Check a refinance offerIn our example
$3,959
saved on an 18% loan by refinancing to 10% and keeping the old payment. Taking the lower payment instead saves $2,337.06.
Minimums, extra payments or one consolidation loan, side by side.
Compare my optionsIn our example
$4,419.27
less in interest and fees than paying minimums, by consolidating three debts and keeping the same $763.00 a month.
Reviewed 24 September 2026 · Corrections
Other situations