Student Loan Payment Calculator for University of Alabama at Birmingham

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $110,520.00 to attend University of Alabama at Birmingham. With a standard repayment plan you will pay a fixed amount each month until your loan is paid in full.

A full amortization table and payoff chart is available below.

University of Alabama at Birmingham Student Loan Payments
Example Payments
Monthly Loan Payment$1,054.48
Amount Borrowed$110,520.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$16,017.93
Sum of All Payments over 10 years

Loan Affordability

To keep student loan repayment affordable, it is recommended not to borrow more than you can pay back using 10% of your monthly income. Under these parameters you would need a post graduation salary of $126,537.93 to afford the $1,054.48 monthly payment in the loan modeled above.

Re-calculate the Loan

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a University of Alabama at Birmingham student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,054.48 $801.21 $253.28 $109,718.79
2 $1,054.48 $803.04 $251.44 $108,915.75
3 $1,054.48 $804.88 $249.60 $108,110.86
4 $1,054.48 $806.73 $247.75 $107,304.14
5 $1,054.48 $808.58 $245.91 $106,495.56
6 $1,054.48 $810.43 $244.05 $105,685.13
7 $1,054.48 $812.29 $242.20 $104,872.84
8 $1,054.48 $814.15 $240.33 $104,058.69
9 $1,054.48 $816.01 $238.47 $103,242.68
10 $1,054.48 $817.88 $236.60 $102,424.79
11 $1,054.48 $819.76 $234.72 $101,605.03
12 $1,054.48 $821.64 $232.84 $100,783.39
13 $1,054.48 $823.52 $230.96 $99,959.87
14 $1,054.48 $825.41 $229.07 $99,134.47
15 $1,054.48 $827.30 $227.18 $98,307.17
16 $1,054.48 $829.20 $225.29 $97,477.97
17 $1,054.48 $831.10 $223.39 $96,646.87
18 $1,054.48 $833.00 $221.48 $95,813.87
19 $1,054.48 $834.91 $219.57 $94,978.97
20 $1,054.48 $836.82 $217.66 $94,142.14
21 $1,054.48 $838.74 $215.74 $93,303.40
22 $1,054.48 $840.66 $213.82 $92,462.74
23 $1,054.48 $842.59 $211.89 $91,620.15
24 $1,054.48 $844.52 $209.96 $90,775.63
25 $1,054.48 $846.46 $208.03 $89,929.18
26 $1,054.48 $848.40 $206.09 $89,080.78
27 $1,054.48 $850.34 $204.14 $88,230.44
28 $1,054.48 $852.29 $202.19 $87,378.15
29 $1,054.48 $854.24 $200.24 $86,523.91
30 $1,054.48 $856.20 $198.28 $85,667.71
31 $1,054.48 $858.16 $196.32 $84,809.55
32 $1,054.48 $860.13 $194.36 $83,949.43
33 $1,054.48 $862.10 $192.38 $83,087.33
34 $1,054.48 $864.07 $190.41 $82,223.25
35 $1,054.48 $866.05 $188.43 $81,357.20
36 $1,054.48 $868.04 $186.44 $80,489.16
37 $1,054.48 $870.03 $184.45 $79,619.13
38 $1,054.48 $872.02 $182.46 $78,747.11
39 $1,054.48 $874.02 $180.46 $77,873.09
40 $1,054.48 $876.02 $178.46 $76,997.06
41 $1,054.48 $878.03 $176.45 $76,119.03
42 $1,054.48 $880.04 $174.44 $75,238.99
43 $1,054.48 $882.06 $172.42 $74,356.93
44 $1,054.48 $884.08 $170.40 $73,472.85
45 $1,054.48 $886.11 $168.38 $72,586.74
46 $1,054.48 $888.14 $166.34 $71,698.60
47 $1,054.48 $890.17 $164.31 $70,808.43
48 $1,054.48 $892.21 $162.27 $69,916.22
49 $1,054.48 $894.26 $160.22 $69,021.96
50 $1,054.48 $896.31 $158.18 $68,125.65
51 $1,054.48 $898.36 $156.12 $67,227.29
52 $1,054.48 $900.42 $154.06 $66,326.87
53 $1,054.48 $902.48 $152.00 $65,424.39
54 $1,054.48 $904.55 $149.93 $64,519.83
55 $1,054.48 $906.62 $147.86 $63,613.21
56 $1,054.48 $908.70 $145.78 $62,704.51
57 $1,054.48 $910.78 $143.70 $61,793.72
58 $1,054.48 $912.87 $141.61 $60,880.85
59 $1,054.48 $914.96 $139.52 $59,965.89
60 $1,054.48 $917.06 $137.42 $59,048.82
61 $1,054.48 $919.16 $135.32 $58,129.66
62 $1,054.48 $921.27 $133.21 $57,208.39
63 $1,054.48 $923.38 $131.10 $56,285.01
64 $1,054.48 $925.50 $128.99 $55,359.52
65 $1,054.48 $927.62 $126.87 $54,431.90
66 $1,054.48 $929.74 $124.74 $53,502.16
67 $1,054.48 $931.87 $122.61 $52,570.28
68 $1,054.48 $934.01 $120.47 $51,636.27
69 $1,054.48 $936.15 $118.33 $50,700.12
70 $1,054.48 $938.29 $116.19 $49,761.83
71 $1,054.48 $940.45 $114.04 $48,821.38
72 $1,054.48 $942.60 $111.88 $47,878.78
73 $1,054.48 $944.76 $109.72 $46,934.02
74 $1,054.48 $946.93 $107.56 $45,987.10
75 $1,054.48 $949.10 $105.39 $45,038.00
76 $1,054.48 $951.27 $103.21 $44,086.73
77 $1,054.48 $953.45 $101.03 $43,133.28
78 $1,054.48 $955.64 $98.85 $42,177.65
79 $1,054.48 $957.83 $96.66 $41,219.82
80 $1,054.48 $960.02 $94.46 $40,259.80
81 $1,054.48 $962.22 $92.26 $39,297.58
82 $1,054.48 $964.43 $90.06 $38,333.15
83 $1,054.48 $966.64 $87.85 $37,366.52
84 $1,054.48 $968.85 $85.63 $36,397.67
85 $1,054.48 $971.07 $83.41 $35,426.59
86 $1,054.48 $973.30 $81.19 $34,453.30
87 $1,054.48 $975.53 $78.96 $33,477.77
88 $1,054.48 $977.76 $76.72 $32,500.01
89 $1,054.48 $980.00 $74.48 $31,520.00
90 $1,054.48 $982.25 $72.23 $30,537.75
91 $1,054.48 $984.50 $69.98 $29,553.25
92 $1,054.48 $986.76 $67.73 $28,566.50
93 $1,054.48 $989.02 $65.46 $27,577.48
94 $1,054.48 $991.28 $63.20 $26,586.20
95 $1,054.48 $993.56 $60.93 $25,592.64
96 $1,054.48 $995.83 $58.65 $24,596.81
97 $1,054.48 $998.12 $56.37 $23,598.69
98 $1,054.48 $1,000.40 $54.08 $22,598.29
99 $1,054.48 $1,002.69 $51.79 $21,595.59
100 $1,054.48 $1,004.99 $49.49 $20,590.60
101 $1,054.48 $1,007.30 $47.19 $19,583.31
102 $1,054.48 $1,009.60 $44.88 $18,573.70
103 $1,054.48 $1,011.92 $42.56 $17,561.78
104 $1,054.48 $1,014.24 $40.25 $16,547.55
105 $1,054.48 $1,016.56 $37.92 $15,530.99
106 $1,054.48 $1,018.89 $35.59 $14,512.09
107 $1,054.48 $1,021.23 $33.26 $13,490.87
108 $1,054.48 $1,023.57 $30.92 $12,467.30
109 $1,054.48 $1,025.91 $28.57 $11,441.39
110 $1,054.48 $1,028.26 $26.22 $10,413.13
111 $1,054.48 $1,030.62 $23.86 $9,382.51
112 $1,054.48 $1,032.98 $21.50 $8,349.53
113 $1,054.48 $1,035.35 $19.13 $7,314.18
114 $1,054.48 $1,037.72 $16.76 $6,276.46
115 $1,054.48 $1,040.10 $14.38 $5,236.36
116 $1,054.48 $1,042.48 $12.00 $4,193.88
117 $1,054.48 $1,044.87 $9.61 $3,149.00
118 $1,054.48 $1,047.27 $7.22 $2,101.74
119 $1,054.48 $1,049.67 $4.82 $1,052.07
120 $1,054.48 $1,052.07 $2.41 $0.00