All payment information provided by this calculator is an estimate only. All monthly payment and total loan cost figures are estimates based on data provided. Actual loan payments and estimated total payment may vary based on the interest rate, loan term, and borrower repayment habits. Review the MEFA Loan Agreement and MEFA’s Refinance Loan Application and Solicitation Disclosure for more information.

Refinancing may result in a longer repayment term and may increase the total interest paid and overall cost of the loan.

*Based on {{term}}-year repayment term
**All loans have a minimum principal and interest monthly payment of $50.
***MEFA REFI Loan interest rates range from 3.95% – 8.95% APR. The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects MEFA’s current underwriting criteria and loan rates. MEFA’s lowest rates are only available to the most creditworthy applicants.

Advertised MEFA REFI Loan interest rates are effective as of 10/5/2026 and subject to change without notice. Once you receive an offered rate on an approved application, that rate will not change. MEFA reserves the right to change rates on incomplete applications.