* Minimum monthly payment is based on an intial balance of $ , a monthly interest rate of % ( %/12 months) and a payment term of months. This is an estimate only and should not be used for accounting purposes.

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Want to pay off your balance faster and pay less in interest?

What if I made a single lump-sum payment of

$

?

What if I paid an additional

$

per month?

Minimum Monthly Payment:

$

 

+ $

 

= $

You could be paid off in  years or   payments ( months early)

Total amount to be repaid (with interest):

$

Total interest to be repaid:

$

 

Interest

 

Principal

You will have saved $ ( %)*
* Original interest: $ 

 

 

Amount paid to principal

 

Amount paid to interest on original schedule

 

Amount paid to interest on revised schedule

 

 

 

 
 

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The Loan Repayment Calculator is designed to provide an estimate of payments, and results received from this calculator are designed for informational purposes only. Edfinancial Services, LLC does not guarantee the accuracy of the information available, is not responsible for any errors, omissions, or misrepresentations, and is not responsible for the consequences of any decisions or actions taken as a result of the information provided by this tool.