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General Loan Calculators

Use these tools to estimate your monthly loan payment and how you can realize the savings from borrower benefits.

Repayment Plan Option Calculators

Use these calculators to estimate how different repayment plans can impact your monthly repayment amount, repayment schedule and interest paid. These calculators are for informational purposes only. Contact GSM&R for details and repayment plan eligibility requirements.

Loan Benefits Program Calculator

Some lenders offer different incentive programs. Utilizing these benefits may save you money on the total cost of your loan. This calculator will help you determine how much money you may save based on the type of incentive offered. Not every lender offers each of these benefits; check with each one individually for their terms and availability.

Lenders typically offer at least one incentive to borrowers. However, it is often difficult to compare them to determine which offers the best financial result. With this calculator you can determine which benefit is financially the best deal.

The auto-debit rate reduction is available with many lenders. When borrowers allow monthly loan payments to be automatically withdrawn from their savings or checking account, they will often see a small percentage point taken off the interest rate on the loan.

Some banks will allow borrowers to receive a reduction in their origination fee after a specific number of on-time monthly payments.

Finally, some lenders will give borrowers an interest rate reduction after a specific amount of on-time monthly payments. With an interest rate reduction incentive you may choose to continue to make your monthly payment amount prior to the incentive being awarded which will pay off your loan ahead of schedule, or you may choose to reduce your monthly payment amount and keep the existing length of your loan term.

Be sure to check with your lender to see if any of these benefits apply to you as it could mean saving thousands of dollars over the life of the loan.

   On-Time Payments Credit/Cash
   On-Time Payments - Interest Rate



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