The reason why I wanted to refinance was to remove my dad from the loan/registration. On credit Karma I saw different refinancing options I could apply for and I decided to use rate genius. Rate genius is giving me 2 options and I don’t know which one is best or if I should do it at all.
Original loan: I owe $15,212 Interest rate 8.14% APR I pay 365 And it’s scheduled to be done on dec 24th, 2023 originally April 24th, 2024
Option 1:
Payoff: $15413.95 Interest Rate: 3.84% APR: 4.3160% Term: 66 Months Down Payment: $0.00 Days to First Pmt: 60 Monthly Payment: $280.59 Est Monthly Savings: $84.41
Option 2:
Payoff: $15413.95 Interest Rate: 3.84% APR: 4.3620% Term: 60 Months Down Payment: $0.00 Days to First Pmt: 60 Monthly Payment: $305.82 Est Monthly Savings: $59.18
Can do early pay off with both & they’re charging me extra fees for the new registration without my dad and GAP protection etc
Submitted November 13, 2019 at 07:53PM by ExistingThought https://ift.tt/2CJtOKZ
