Enter a loan total you already have, an interest-rate assumption, and a term. The page returns an estimated monthly payment and, if you enter income, that payment as a percentage of the income you typed. That percentage is illustrative. It is not a formal debt-to-income ratio and it is not a recommendation to borrow.
This is not financial advice and not a lender comparison. It does not choose a loan product. For award-letter gift aid versus loans, start with the award letter decoder. For a four-year ranking of entered school costs, use the four-year college cost comparison calculator.
Visible assumptions
- Fixed annual rate you type, applied monthly.
- Level payments over the term you type.
- No origination fees, capitalization events, or income-driven plans.
- Income, if entered, is whatever monthly figure you supply.
Numbers you enter
Estimate
No payment estimate until principal, interest rate, and term are plain numbers this page can use.
Copy the estimate
Copy stays off until principal, interest rate, and term are valid. A blank rate is not treated as 0%. Type 0 if you mean zero interest.