Loan Refinance Calculator
getcalc.com's Loan Refinance Calculator is an online finance tool to estimate difference between old & new monthly or periodical payments according to the new scheme with change of time period or/and rate of interest.
Definition & Usage
Loan Refinance is a finance function or method used in the context of time value of money calculation, represents the difference between the initial liability and new liability according to the new scheme with change of time period or/and rate of interest. The adjustment of time period may either be early date or delayed date of an initial time period of the loan. The periodic payments get altered simultaneously.