Calculate how much you can save when you refinance student loans with Splash
*Calculated payments and savings are only estimates. Using the free calculator 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. To achieve $21,381.11 in estimated savings over the life of their loan assuming a 6.5% interest rate, borrowers must take advantage of automatic payment benefit, a total of 0.25 percentage point interest rate reductions. For example: based on a loan amount of $189,000, at 5.49%, 48 months of $1 / month payments and a 10 year repayment term, total finance charges before any interest rate reductions would be $117,591.04. After a 0.25 percentage point interest rate reduction, total finance charges would be reduced to $114,102.67. The 0.25 percentage point ACH discount is applied only during the repayment period after the completion of a training program. Actual savings will vary based on terms selected, deferment period and any prepayment of outstanding principal. Please see our APR comparison page for further details.