existingBalanceMonetary Currency Figure ($)
Outstanding principal balance remaining on the current vehicle loan agreement, excluding unearned future finance charges. Sourced from an official 10-day payoff statement rather than a billing statement to account for daily per diem interest accrual.
Default: $25,000
existingAprAnnual Percentage Rate (APR %)
Contracted nominal annual percentage rate on the current installment note, converted to a daily periodic rate (APR / 365) under simple interest amortization rules mandated by Regulation Z of the Truth in Lending Act.
Default: 10.50%
remainingTermDuration in Months
Exact number of scheduled monthly billing cycles remaining until the existing automobile note matures and reaches full principal amortization.
Default: 48 Months
vehicleMarketValueFair Market Valuation ($)
Current wholesale or retail market value established via industry benchmarks (NADA Guide or Kelley Blue Book clean trade-in), used to determine the Loan-to-Value (LTV) ratio against standard 100% to 125% prime risk thresholds.
Default: $27,000
newAprRefinanced Annual Percentage Rate (APR %)
Proposed annual interest rate offered by the replacement financial institution or credit union, typically requiring a 150 to 300 basis point reduction to generate compelling net present value savings after transaction friction.
Default: 5.75%
newTermNew Amortization Duration (Months)
Total repayment duration for the refinanced facility (standard tiers: 36, 48, 60, or 72 months), which directly governs monthly cash flow versus cumulative lifetime interest expense.
Default: 48 Months
upfrontFeesClosing and Administrative Costs ($)
Total administrative closing friction, aggregating state Department of Motor Vehicles certificate of title transfers ($15–$150), county lien perfection filings ($10–$50), and administrative lender doc fees ($0–$200).
Default: $175
rollFeesIntoLoanBinary Financing Election
Financing mode selecting between settling closing costs in cash out-of-pocket at signing or capitalizing expenses directly into the refinanced principal balance, which causes closing fees to accrue compound interest.
Default: Cash (Out of Pocket)
cashOutAmountDiscretionary Capital Withdrawal ($)
Additional loan proceeds borrowed against positive vehicle equity up to lender LTV caps (typically 100%–120%), disbursed as non-taxable cash proceeds while expanding the debt balance.
Default: $0 (Rate and Term Only)
extraMonthlyPaymentDiscretionary Principal Addition ($/mo)
Recurring monthly cash contributed exclusively toward reducing principal balance, eliminating forward daily interest accumulation and accelerating the loan payoff schedule.
Default: $0 / Month
