Student Loan Payment Calculator for University of Louisville

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $118,712.00 to attend University of Louisville. 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 Louisville Student Loan Payments
Example Payments
Monthly Loan Payment$1,186.73
Amount Borrowed$118,712.00
Interest Rate3.73%
Term years
Number of Monthly Payments120
Total Interest Cost$23,695.25
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 $142,407.25 to afford the $1,186.73 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 Louisville student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,186.73 $817.73 $369.00 $117,894.27
2 $1,186.73 $820.27 $366.45 $117,074.00
3 $1,186.73 $822.82 $363.91 $116,251.17
4 $1,186.73 $825.38 $361.35 $115,425.80
5 $1,186.73 $827.95 $358.78 $114,597.85
6 $1,186.73 $830.52 $356.21 $113,767.33
7 $1,186.73 $833.10 $353.63 $112,934.23
8 $1,186.73 $835.69 $351.04 $112,098.54
9 $1,186.73 $838.29 $348.44 $111,260.25
10 $1,186.73 $840.89 $345.83 $110,419.36
11 $1,186.73 $843.51 $343.22 $109,575.85
12 $1,186.73 $846.13 $340.60 $108,729.73
13 $1,186.73 $848.76 $337.97 $107,880.97
14 $1,186.73 $851.40 $335.33 $107,029.57
15 $1,186.73 $854.04 $332.68 $106,175.53
16 $1,186.73 $856.70 $330.03 $105,318.83
17 $1,186.73 $859.36 $327.37 $104,459.47
18 $1,186.73 $862.03 $324.69 $103,597.43
19 $1,186.73 $864.71 $322.02 $102,732.72
20 $1,186.73 $867.40 $319.33 $101,865.32
21 $1,186.73 $870.10 $316.63 $100,995.23
22 $1,186.73 $872.80 $313.93 $100,122.43
23 $1,186.73 $875.51 $311.21 $99,246.91
24 $1,186.73 $878.23 $308.49 $98,368.68
25 $1,186.73 $880.96 $305.76 $97,487.72
26 $1,186.73 $883.70 $303.02 $96,604.01
27 $1,186.73 $886.45 $300.28 $95,717.56
28 $1,186.73 $889.20 $297.52 $94,828.36
29 $1,186.73 $891.97 $294.76 $93,936.39
30 $1,186.73 $894.74 $291.99 $93,041.65
31 $1,186.73 $897.52 $289.20 $92,144.12
32 $1,186.73 $900.31 $286.41 $91,243.81
33 $1,186.73 $903.11 $283.62 $90,340.70
34 $1,186.73 $905.92 $280.81 $89,434.78
35 $1,186.73 $908.73 $277.99 $88,526.05
36 $1,186.73 $911.56 $275.17 $87,614.49
37 $1,186.73 $914.39 $272.34 $86,700.10
38 $1,186.73 $917.23 $269.49 $85,782.86
39 $1,186.73 $920.09 $266.64 $84,862.78
40 $1,186.73 $922.95 $263.78 $83,939.83
41 $1,186.73 $925.81 $260.91 $83,014.02
42 $1,186.73 $928.69 $258.04 $82,085.33
43 $1,186.73 $931.58 $255.15 $81,153.75
44 $1,186.73 $934.47 $252.25 $80,219.28
45 $1,186.73 $937.38 $249.35 $79,281.90
46 $1,186.73 $940.29 $246.43 $78,341.60
47 $1,186.73 $943.22 $243.51 $77,398.39
48 $1,186.73 $946.15 $240.58 $76,452.24
49 $1,186.73 $949.09 $237.64 $75,503.15
50 $1,186.73 $952.04 $234.69 $74,551.12
51 $1,186.73 $955.00 $231.73 $73,596.12
52 $1,186.73 $957.97 $228.76 $72,638.15
53 $1,186.73 $960.94 $225.78 $71,677.21
54 $1,186.73 $963.93 $222.80 $70,713.28
55 $1,186.73 $966.93 $219.80 $69,746.35
56 $1,186.73 $969.93 $216.79 $68,776.42
57 $1,186.73 $972.95 $213.78 $67,803.47
58 $1,186.73 $975.97 $210.76 $66,827.50
59 $1,186.73 $979.00 $207.72 $65,848.50
60 $1,186.73 $982.05 $204.68 $64,866.45
61 $1,186.73 $985.10 $201.63 $63,881.35
62 $1,186.73 $988.16 $198.56 $62,893.19
63 $1,186.73 $991.23 $195.49 $61,901.95
64 $1,186.73 $994.32 $192.41 $60,907.64
65 $1,186.73 $997.41 $189.32 $59,910.23
66 $1,186.73 $1,000.51 $186.22 $58,909.72
67 $1,186.73 $1,003.62 $183.11 $57,906.11
68 $1,186.73 $1,006.74 $179.99 $56,899.37
69 $1,186.73 $1,009.86 $176.86 $55,889.51
70 $1,186.73 $1,013.00 $173.72 $54,876.50
71 $1,186.73 $1,016.15 $170.57 $53,860.35
72 $1,186.73 $1,019.31 $167.42 $52,841.04
73 $1,186.73 $1,022.48 $164.25 $51,818.56
74 $1,186.73 $1,025.66 $161.07 $50,792.90
75 $1,186.73 $1,028.85 $157.88 $49,764.06
76 $1,186.73 $1,032.04 $154.68 $48,732.01
77 $1,186.73 $1,035.25 $151.48 $47,696.76
78 $1,186.73 $1,038.47 $148.26 $46,658.29
79 $1,186.73 $1,041.70 $145.03 $45,616.60
80 $1,186.73 $1,044.94 $141.79 $44,571.66
81 $1,186.73 $1,048.18 $138.54 $43,523.48
82 $1,186.73 $1,051.44 $135.29 $42,472.03
83 $1,186.73 $1,054.71 $132.02 $41,417.33
84 $1,186.73 $1,057.99 $128.74 $40,359.34
85 $1,186.73 $1,061.28 $125.45 $39,298.06
86 $1,186.73 $1,064.58 $122.15 $38,233.48
87 $1,186.73 $1,067.88 $118.84 $37,165.60
88 $1,186.73 $1,071.20 $115.52 $36,094.40
89 $1,186.73 $1,074.53 $112.19 $35,019.86
90 $1,186.73 $1,077.87 $108.85 $33,941.99
91 $1,186.73 $1,081.22 $105.50 $32,860.76
92 $1,186.73 $1,084.58 $102.14 $31,776.18
93 $1,186.73 $1,087.96 $98.77 $30,688.22
94 $1,186.73 $1,091.34 $95.39 $29,596.89
95 $1,186.73 $1,094.73 $92.00 $28,502.16
96 $1,186.73 $1,098.13 $88.59 $27,404.02
97 $1,186.73 $1,101.55 $85.18 $26,302.48
98 $1,186.73 $1,104.97 $81.76 $25,197.51
99 $1,186.73 $1,108.40 $78.32 $24,089.10
100 $1,186.73 $1,111.85 $74.88 $22,977.25
101 $1,186.73 $1,115.31 $71.42 $21,861.95
102 $1,186.73 $1,118.77 $67.95 $20,743.17
103 $1,186.73 $1,122.25 $64.48 $19,620.92
104 $1,186.73 $1,125.74 $60.99 $18,495.18
105 $1,186.73 $1,129.24 $57.49 $17,365.95
106 $1,186.73 $1,132.75 $53.98 $16,233.20
107 $1,186.73 $1,136.27 $50.46 $15,096.93
108 $1,186.73 $1,139.80 $46.93 $13,957.13
109 $1,186.73 $1,143.34 $43.38 $12,813.78
110 $1,186.73 $1,146.90 $39.83 $11,666.89
111 $1,186.73 $1,150.46 $36.26 $10,516.42
112 $1,186.73 $1,154.04 $32.69 $9,362.39
113 $1,186.73 $1,157.63 $29.10 $8,204.76
114 $1,186.73 $1,161.22 $25.50 $7,043.54
115 $1,186.73 $1,164.83 $21.89 $5,878.70
116 $1,186.73 $1,168.45 $18.27 $4,710.25
117 $1,186.73 $1,172.09 $14.64 $3,538.16
118 $1,186.73 $1,175.73 $11.00 $2,362.43
119 $1,186.73 $1,179.38 $7.34 $1,183.05
120 $1,186.73 $1,183.05 $3.68 $0.00