Student Loan Calculator

GoodFICO 720

Monthly Payment

$502/mo

Total Cost of Loan

$18,515

$15,000 principal + $3,065 interest + $450 fee

Cost breakdown19% is cost

Net Cash Received

$14,550

$15,000 loan − $450 fee (3%)

DTI Ratio

13.9%

Credit Tier

Good

Loan Profile

Configure

$15,000
12.5%
3%
Good

Typical APR: 15% – 20%

Extra Payment

One-time lump sum toward principal.

$

Interest Saved

$0

Time Saved

0y 0m

Simulation Engine Projection

Balance · Cumulative Interest · Principal Paid

Balance
Cum. Interest
Cum. Principal

Interest Saved

$0

Time Saved

0y 0m

New Payoff

Jan 2028

Effective APR

8.05%

Amortization Snapshot

MonthPaymentPrincipalInterestBalance
1$502$346$156$14,654
6$502$364$138$12,872
12$502$387$115$10,607
24$502$439$63$5,633
36$502$497$5$0

DTI Analysis

Loan Payment8%
Existing Debt6%
Free Cash86%
DTI Ratio13.9% — Excellent

Insights

AI
Your credit tier is Good. Expect an APR between 15% and 20%.
After a 3% origination fee, you will receive $14,550 in cash.
Your Debt-to-Income (DTI) is 13.9%. This is within comfortable limits for most lenders.