Skip to content
Finance Calculators

Refinance Savings Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
₹
₹
₹
Verified formula Private

Net savings

₹3,50,000

Monthly saving
₹3,000
Months to recover fees
3.3

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Refinance Savings Calculator

The Refinance Savings Calculator works out your net savings, along with 2 related figures in an instant. Enter current emi, new emi after refinancing and months remaining and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the current emi.
  2. Enter the new emi after refinancing.
  3. Enter the months remaining.
  4. Enter the refinancing fees.
  5. Read off your net savings, together with monthly saving and months to recover fees — the calculator updates automatically, with no button to press.

Formula

The Refinance Savings Calculator uses the formula:

Net savings = (Current EMI - New EMI after refinancing) × Months remaining - Refinancing fees

Worked example

For example, with current emi of ₹25,000, new emi after refinancing of ₹22,000, months remaining of 120 and refinancing fees of ₹10,000, the net savings is ₹3,50,000.

Inputs used
Current EMI ₹25,000
New EMI after refinancing ₹22,000
Months remaining 120
Refinancing fees ₹10,000
Results
Net savings ₹3,50,000
Monthly saving ₹3,000
Months to recover fees 3.3

Results are estimates for educational use, not professional advice.

Key terms explained

EMI
Equated Monthly Instalment — the fixed monthly payment on a loan covering both interest and principal.

Frequently asked questions

Compare the monthly saving with the fees. Dropping from 25,000 to 22,000 over 120 months saves 3,60,000, less 10,000 fees, for 3,50,000 net.

It is how long the monthly saving takes to cover the refinancing fees. A quick break-even makes refinancing more worthwhile.

Common costs include processing fees, legal and valuation charges and prepayment penalties on the old loan. Include them all for an accurate result.

Not always. A longer tenure can lower the EMI but raise total interest. Compare the full cost, not just the monthly payment.

The Refinance Savings Calculator uses the formula: Net savings = (Current EMI - New EMI after refinancing) × Months remaining - Refinancing fees. For example, with current emi of ₹25,000, new emi after refinancing of ₹22,000, months remaining of 120 and refinancing fees of ₹10,000, the net savings is ₹3,50,000.

Enter the current emi. Enter the new emi after refinancing. Enter the months remaining. Enter the refinancing fees. Read off your net savings, together with monthly saving and months to recover fees — the calculator updates automatically, with no button to press.

Related calculators