Aircraft refinancing calculator · Lower your rate · Reduce your payment · June 2026
If you financed your aircraft when rates were higher — or when your credit profile was different — refinancing could meaningfully reduce your monthly payment or total interest paid. Enter your current loan details below to see the numbers instantly. A soft-pull pre-approval takes 48 hours and costs nothing.
Refinancing calculator
Your current loan
New loan terms
Estimates only. Actual rate, term, and closing costs depend on your credit profile, aircraft, and lender. Prepayment penalties on your existing loan (if any) are not included. Contact us to confirm your existing loan terms before applying.
When refinancing makes sense
If you financed when rates were materially higher — 7.5%, 8%, or above — refinancing to the current 6.46% certified piston rate or 6.37% turbine rate can generate significant monthly savings. On a $300,000 balance, a 100 basis point rate reduction saves approximately $150/month and over $30,000 over the remaining loan life. Run the calculator above to see your specific number.
If you financed with a 680 credit score and your score is now 740+, you may qualify for a materially better rate with the same lender or a different one. Lenders tier their pricing by credit score. A 60-point improvement can translate to 50–100 basis points in rate reduction. A soft-pull credit check tells you where you stand today without affecting your score.
If your original loan had a shorter term than you need, refinancing to a longer amortization — even at the same rate — can reduce your monthly payment. This is common for borrowers who financed on a 10 or 12-year term and want to free up cash flow. The tradeoff is more total interest paid; the calculator above shows both the payment savings and the total interest impact.
If your existing loan has a significant prepayment penalty, your remaining balance is low, your remaining term is short, or your existing rate is already at or near current market levels, the math may not support refinancing. Check your existing loan documents for prepayment penalty language before contacting us — some older aircraft loans carry 1–3% prepayment penalties that affect the calculation.
Common questions
Refinancing an aircraft typically closes in 2–4 weeks from application to funded loan. Pre-approval takes 48 hours. The additional time is for lender underwriting, title search, and new insurance documentation. The process is faster than a purchase transaction because there is no aircraft inspection to coordinate — the aircraft already exists and has a maintenance history. If your aircraft is mid-annual, we recommend waiting until the inspection is complete before applying to get the cleanest possible documentation package.
Most lenders use VREF or Aircraft Bluebook values rather than a formal appraisal for standard refinance transactions. For aircraft with significant modifications, avionics upgrades, or unusual configurations, some lenders may request a desktop appraisal. A physical appraisal is rare for refinances. The lender will verify that the current market value supports the loan-to-value ratio of the refinanced loan.
Cash-out refinancing is available on aircraft but is less common than in residential real estate. Lenders will fund up to their maximum LTV (typically 85% of current market value). If your aircraft has appreciated or your original loan balance is low relative to current value, a cash-out refinance may allow you to access equity for avionics upgrades, overhaul reserves, or other aircraft-related expenses. Contact us to discuss the structure before applying.
Refinancing pays off your existing lender in full and replaces the loan with a new lender. If you have a good relationship with your current lender, we can submit the refinance application to them first — many lenders will rate-match or improve terms to retain a performing borrower. If the current lender cannot match market rates, we place the loan with a lender who can. Either way, refinancing through FLYING Finance gives you access to the competitive market rather than accepting whatever your existing lender offers.
If your aircraft’s current market value has declined since purchase, the refinanced loan amount cannot exceed the lender’s maximum LTV on the current value. In some cases this means you may need to bring cash to the table to close the refinance — effectively paying down the principal to bring the LTV in line. Run the current market value against your outstanding balance before applying. If you are underwater on the aircraft, refinancing may not be feasible without a cash contribution.
Ready to refinance?
Soft-pull pre-approval in 48 hours. Know your new rate before you commit to anything.
Amelia · FLYING Finance AI specialist
"Tell me your current rate, balance, and remaining term and I’ll tell you whether refinancing makes sense right now — and roughly what you’d save. No obligation, no hard pull."