Loan Discount Analyzer:


Below are examples of the impact one repayment benefit, an interest rate reduction, has on the loan repayment term and amount. For a current calculation, using a specific loan amount, visit http://www.finaid.org/calculators/loandiscountanalyzer.phtml.


Estimated Savings - $31,000 loan without & with interest rate reduction:


$31,000 Loan without interest rate reduction

Interest Rate:
%
Monthly Payment:
$
Total Payments (P&I):
$
Total Interest Paid:
$
Number of Payments:

$31,000 Loan with 0.25% interest rate reduction at repayment

Interest Rate:
%
Monthly Payment:
$
Total Payments (P&I):
$
Total Interest Paid:
$
Number of Payments:



Estimated Savings - $57,500 loan without & with interest rate reduction:


$57,500 Loan without interest rate reduction

Interest Rate:
%
Monthly Payment:
$
Total Payments (P&I):
$
Total Interest Paid:
$
Number of Payments:

$57,500 Loan with 0.25% interest rate reduction at repayment

Interest Rate:
%
Monthly Payment:
$
Total Payments (P&I):
$
Total Interest Paid:
$
Number of Payments: