Student Loan Payment Calculator for University of Southern Maine

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $99,616.00 to attend University of Southern Maine. 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 Southern Maine Student Loan Payments
Example Payments
Monthly Loan Payment$1,081.10
Amount Borrowed$99,616.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$30,115.44
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 $129,731.44 to afford the $1,081.10 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 Southern Maine student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,081.10 $624.52 $456.57 $98,991.48
2 $1,081.10 $627.38 $453.71 $98,364.09
3 $1,081.10 $630.26 $450.84 $97,733.83
4 $1,081.10 $633.15 $447.95 $97,100.68
5 $1,081.10 $636.05 $445.04 $96,464.63
6 $1,081.10 $638.97 $442.13 $95,825.67
7 $1,081.10 $641.89 $439.20 $95,183.77
8 $1,081.10 $644.84 $436.26 $94,538.94
9 $1,081.10 $647.79 $433.30 $93,891.15
10 $1,081.10 $650.76 $430.33 $93,240.38
11 $1,081.10 $653.74 $427.35 $92,586.64
12 $1,081.10 $656.74 $424.36 $91,929.90
13 $1,081.10 $659.75 $421.35 $91,270.15
14 $1,081.10 $662.77 $418.32 $90,607.38
15 $1,081.10 $665.81 $415.28 $89,941.57
16 $1,081.10 $668.86 $412.23 $89,272.70
17 $1,081.10 $671.93 $409.17 $88,600.77
18 $1,081.10 $675.01 $406.09 $87,925.77
19 $1,081.10 $678.10 $402.99 $87,247.66
20 $1,081.10 $681.21 $399.89 $86,566.45
21 $1,081.10 $684.33 $396.76 $85,882.12
22 $1,081.10 $687.47 $393.63 $85,194.65
23 $1,081.10 $690.62 $390.48 $84,504.03
24 $1,081.10 $693.79 $387.31 $83,810.25
25 $1,081.10 $696.97 $384.13 $83,113.28
26 $1,081.10 $700.16 $380.94 $82,413.12
27 $1,081.10 $703.37 $377.73 $81,709.75
28 $1,081.10 $706.59 $374.50 $81,003.16
29 $1,081.10 $709.83 $371.26 $80,293.33
30 $1,081.10 $713.08 $368.01 $79,580.25
31 $1,081.10 $716.35 $364.74 $78,863.89
32 $1,081.10 $719.64 $361.46 $78,144.26
33 $1,081.10 $722.93 $358.16 $77,421.32
34 $1,081.10 $726.25 $354.85 $76,695.08
35 $1,081.10 $729.58 $351.52 $75,965.50
36 $1,081.10 $732.92 $348.18 $75,232.58
37 $1,081.10 $736.28 $344.82 $74,496.30
38 $1,081.10 $739.65 $341.44 $73,756.65
39 $1,081.10 $743.04 $338.05 $73,013.60
40 $1,081.10 $746.45 $334.65 $72,267.15
41 $1,081.10 $749.87 $331.22 $71,517.28
42 $1,081.10 $753.31 $327.79 $70,763.97
43 $1,081.10 $756.76 $324.33 $70,007.21
44 $1,081.10 $760.23 $320.87 $69,246.98
45 $1,081.10 $763.71 $317.38 $68,483.27
46 $1,081.10 $767.21 $313.88 $67,716.06
47 $1,081.10 $770.73 $310.37 $66,945.33
48 $1,081.10 $774.26 $306.83 $66,171.06
49 $1,081.10 $777.81 $303.28 $65,393.25
50 $1,081.10 $781.38 $299.72 $64,611.88
51 $1,081.10 $784.96 $296.14 $63,826.92
52 $1,081.10 $788.56 $292.54 $63,038.36
53 $1,081.10 $792.17 $288.93 $62,246.19
54 $1,081.10 $795.80 $285.30 $61,450.39
55 $1,081.10 $799.45 $281.65 $60,650.95
56 $1,081.10 $803.11 $277.98 $59,847.83
57 $1,081.10 $806.79 $274.30 $59,041.04
58 $1,081.10 $810.49 $270.60 $58,230.55
59 $1,081.10 $814.21 $266.89 $57,416.35
60 $1,081.10 $817.94 $263.16 $56,598.41
61 $1,081.10 $821.69 $259.41 $55,776.72
62 $1,081.10 $825.45 $255.64 $54,951.27
63 $1,081.10 $829.24 $251.86 $54,122.03
64 $1,081.10 $833.04 $248.06 $53,289.00
65 $1,081.10 $836.85 $244.24 $52,452.14
66 $1,081.10 $840.69 $240.41 $51,611.45
67 $1,081.10 $844.54 $236.55 $50,766.91
68 $1,081.10 $848.41 $232.68 $49,918.50
69 $1,081.10 $852.30 $228.79 $49,066.20
70 $1,081.10 $856.21 $224.89 $48,209.99
71 $1,081.10 $860.13 $220.96 $47,349.85
72 $1,081.10 $864.08 $217.02 $46,485.78
73 $1,081.10 $868.04 $213.06 $45,617.74
74 $1,081.10 $872.01 $209.08 $44,745.73
75 $1,081.10 $876.01 $205.08 $43,869.72
76 $1,081.10 $880.03 $201.07 $42,989.69
77 $1,081.10 $884.06 $197.04 $42,105.63
78 $1,081.10 $888.11 $192.98 $41,217.52
79 $1,081.10 $892.18 $188.91 $40,325.34
80 $1,081.10 $896.27 $184.82 $39,429.07
81 $1,081.10 $900.38 $180.72 $38,528.69
82 $1,081.10 $904.51 $176.59 $37,624.19
83 $1,081.10 $908.65 $172.44 $36,715.53
84 $1,081.10 $912.82 $168.28 $35,802.72
85 $1,081.10 $917.00 $164.10 $34,885.72
86 $1,081.10 $921.20 $159.89 $33,964.52
87 $1,081.10 $925.42 $155.67 $33,039.09
88 $1,081.10 $929.67 $151.43 $32,109.43
89 $1,081.10 $933.93 $147.17 $31,175.50
90 $1,081.10 $938.21 $142.89 $30,237.29
91 $1,081.10 $942.51 $138.59 $29,294.78
92 $1,081.10 $946.83 $134.27 $28,347.96
93 $1,081.10 $951.17 $129.93 $27,396.79
94 $1,081.10 $955.53 $125.57 $26,441.26
95 $1,081.10 $959.91 $121.19 $25,481.36
96 $1,081.10 $964.31 $116.79 $24,517.05
97 $1,081.10 $968.73 $112.37 $23,548.32
98 $1,081.10 $973.17 $107.93 $22,575.16
99 $1,081.10 $977.63 $103.47 $21,597.53
100 $1,081.10 $982.11 $98.99 $20,615.43
101 $1,081.10 $986.61 $94.49 $19,628.82
102 $1,081.10 $991.13 $89.97 $18,637.69
103 $1,081.10 $995.67 $85.42 $17,642.01
104 $1,081.10 $1,000.24 $80.86 $16,641.78
105 $1,081.10 $1,004.82 $76.27 $15,636.96
106 $1,081.10 $1,009.43 $71.67 $14,627.53
107 $1,081.10 $1,014.05 $67.04 $13,613.48
108 $1,081.10 $1,018.70 $62.40 $12,594.78
109 $1,081.10 $1,023.37 $57.73 $11,571.41
110 $1,081.10 $1,028.06 $53.04 $10,543.35
111 $1,081.10 $1,032.77 $48.32 $9,510.58
112 $1,081.10 $1,037.51 $43.59 $8,473.07
113 $1,081.10 $1,042.26 $38.83 $7,430.81
114 $1,081.10 $1,047.04 $34.06 $6,383.78
115 $1,081.10 $1,051.84 $29.26 $5,331.94
116 $1,081.10 $1,056.66 $24.44 $4,275.28
117 $1,081.10 $1,061.50 $19.60 $3,213.78
118 $1,081.10 $1,066.37 $14.73 $2,147.42
119 $1,081.10 $1,071.25 $9.84 $1,076.16
120 $1,081.10 $1,076.16 $4.93 $0.00