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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 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 interest rate reduction
Interest Rate: 6.80%
Monthly Payment: $356.75
Total Payments (P&I): $42,809.88
Total Interest Paid: $11,809.88
Number of Payments: 120.0
  
$31,000 Loan with .25% interest rate reduction at repayment
Interest Rate: 6.55%
Monthly Payment: $356.75
Total Payments (P&I): $42,142.68
Total Interest Paid: $11,142.68
Number of Payments: 118.1
  
  
$57,500 loan without interest rate reduction
Interest Rate: 6.80%
Monthly Payment: $661.71
Total Payments (P&I): $79,405.43
Total Interest Paid: $21,905.43
Number of Payments: 120.0
  
$57,500 loan with .25% interest rate reduction at repayment
Interest Rate: 6.55%
Monthly Payment: $661.71
Total Payments (P&I): $78,167.88
Total Interest Paid: $20,667.88
Number of Payments: 118.1