First time Refi, need help understanding.

[10kbkb]

Help me understand this?

Right now I have WFDS

Principal is $4447.37 @18.99%

Monthly 169.35

I just applied for a refi with my CU

Loan Amount $4500 @3.49%

New Monthly $194.66

24 Months

[09Lexie]

What were your terms/ori balance on WFDS? Based on what you've provided, you are paying your loan in 24 mos and so,my our pyts will be higher but with less int charged.