Student Loan Refinance Comparison Calculator
Our student loan term comparison calculator allows you to calculate and compare multiple student loan options with varying interest rates and terms.
Student loan refinance comparison calculator. Also learn more about the pros and cons of refinancing or explore other calculators addressing loans finance math fitness health and more. A good student loan repayment calculator takes into account the difference between subsidized and unsubsidized loans. Refinancing to a lower interest rate 21. Use it to find a repayment plan that meets your needs and goals or to decide whether to consolidate.
But like anything else there are pros and cons to refinancing. Whether you should refinance student loans. Simply enter your current loan balance the interest rate on that loan and the remaining loan repayment term. Loan simulator is a new tool to help you make decisions about your student loans.
Student loan refinancing is the only way for borrowers to reduce their average rate by a significant margin. If you have a federal loan owned by ed the interest rate for your loans is currently 0 as a result of the cares act. For variable rate student loans the rate will never exceed 9 00 for 5 year and 8 year loans and 10 00 for 12 and 15 years loans the maximum allowable for this loan. By comparing student loans you can identify the total costs associated with each type of student loan.
Student loan resources 5 fastest ways to. Educate yourself use the student loan calculator to estimate your repayment schedule and get the best deal from one of the country s best lenders. Along with the specific ceiling of 23 000 for subsidized stafford loans there is a limit on the cumulative total of unsubsidized and subsidized combined that any one student can take out. Auto refinance calculator.
Minimum variable rate will. Free refinance calculator to plan the refinancing of loans by comparing existing and refinanced loans side by side with options for cash out mortgage points and refinancing fees. This student loan refinance calculator is a simple tool that allows you to compare your current student loan terms with refinancing options that may be available to you. That could save you big money over time.