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With Lendstart’s student loan calculator, you can estimate the overall cost of the loan to find out what works best for you.
Loan amount
$
Term in months
Interest rate per year
%
$853.79
Monthly payment
$10,245.42
Total paid
$245.42
Interest paid
Month | Balance | Interest | Principal |
1 | $10000.00 | $37.50 | $816.29 |
2 | $9183.71 | $34.44 | $819.35 |
3 | $8364.37 | $31.37 | $822.42 |
4 | $7541.95 | $28.28 | $825.50 |
5 | $6716.45 | $25.19 | $828.60 |
6 | $5887.85 | $22.08 | $831.71 |
7 | $5056.14 | $18.96 | $834.82 |
8 | $4221.32 | $15.83 | $837.96 |
9 | $3383.36 | $12.69 | $841.10 |
10 | $2542.26 | $9.53 | $844.25 |
11 | $1698.01 | $6.37 | $847.42 |
12 | $850.60 | $3.19 | $850.60 |
Most student loan calculators require some basic information to estimate what your monthly payments will be. This includes:
Knowing this information can help you successfully budget for the loan. It can also help you determine your borrowing limits.
Some online calculators also ask for other information, such as:
With the student loan calculator, you can map out your strategy for repaying the loan from start to finish. Plus, if you check the amortization schedule, you can get a detailed idea of your monthly schedule leading up to the final payoff date.
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