The federal government has announced that it is waiving interest payments and suspending the obligation to make payments on federal student loans held by the government through September 30, 2020. This calculator does not account for the impact on your federally held loans.

Student Loan Refinancing Calculator

You probably already feel like you’re paying too much on your student loans—but do you know exactly how much you’re overpaying? Use our Student Loan Calculator to see how much you could save by refinancing your student loans with SoFi.

How to Calculate Your
Student Loan Savings

Our calculator shows how much you can save on your student loans by refinancing with SoFi. Just add in your current student loan information, and we’ll calculate your estimated savings—both monthly and over the lifetime of your loan. If you have multiple student loans, simply combine the loans and average their principal.

Enter Your
Current Loan


Compare a
SoFi Loan

Term : 10 Years
Fixed Interest Rate : 4.18% - 5.57%
5 7 10 15 20


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By refinancing into a longer term and taking advantage of monthly payment savings, borrowers will generally pay more total interest over the life of the loan. Learn about our savings calculation.


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Find My Rate

Calculated payments and savings are only estimates. All rates shown include the SoFi 0.25% AutoPay discount. Using the free calculator is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply.

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