Student Loan Payment Calculator for University of Maryland College Park

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $111,464.00 to attend University of Maryland College Park. 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 Maryland College Park Student Loan Payments
Example Payments
Monthly Loan Payment$1,063.49
Amount Borrowed$111,464.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$16,154.74
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 $127,618.74 to afford the $1,063.49 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 Maryland College Park student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,063.49 $808.05 $255.44 $110,655.95
2 $1,063.49 $809.90 $253.59 $109,846.05
3 $1,063.49 $811.76 $251.73 $109,034.29
4 $1,063.49 $813.62 $249.87 $108,220.67
5 $1,063.49 $815.48 $248.01 $107,405.18
6 $1,063.49 $817.35 $246.14 $106,587.83
7 $1,063.49 $819.23 $244.26 $105,768.61
8 $1,063.49 $821.10 $242.39 $104,947.50
9 $1,063.49 $822.98 $240.50 $104,124.52
10 $1,063.49 $824.87 $238.62 $103,299.65
11 $1,063.49 $826.76 $236.73 $102,472.89
12 $1,063.49 $828.66 $234.83 $101,644.23
13 $1,063.49 $830.55 $232.93 $100,813.67
14 $1,063.49 $832.46 $231.03 $99,981.22
15 $1,063.49 $834.37 $229.12 $99,146.85
16 $1,063.49 $836.28 $227.21 $98,310.57
17 $1,063.49 $838.19 $225.30 $97,472.38
18 $1,063.49 $840.12 $223.37 $96,632.26
19 $1,063.49 $842.04 $221.45 $95,790.22
20 $1,063.49 $843.97 $219.52 $94,946.25
21 $1,063.49 $845.90 $217.59 $94,100.35
22 $1,063.49 $847.84 $215.65 $93,252.50
23 $1,063.49 $849.79 $213.70 $92,402.72
24 $1,063.49 $851.73 $211.76 $91,550.99
25 $1,063.49 $853.69 $209.80 $90,697.30
26 $1,063.49 $855.64 $207.85 $89,841.66
27 $1,063.49 $857.60 $205.89 $88,984.06
28 $1,063.49 $859.57 $203.92 $88,124.49
29 $1,063.49 $861.54 $201.95 $87,262.95
30 $1,063.49 $863.51 $199.98 $86,399.44
31 $1,063.49 $865.49 $198.00 $85,533.95
32 $1,063.49 $867.47 $196.02 $84,666.47
33 $1,063.49 $869.46 $194.03 $83,797.01
34 $1,063.49 $871.45 $192.03 $82,925.56
35 $1,063.49 $873.45 $190.04 $82,052.11
36 $1,063.49 $875.45 $188.04 $81,176.65
37 $1,063.49 $877.46 $186.03 $80,299.19
38 $1,063.49 $879.47 $184.02 $79,419.72
39 $1,063.49 $881.49 $182.00 $78,538.24
40 $1,063.49 $883.51 $179.98 $77,654.73
41 $1,063.49 $885.53 $177.96 $76,769.20
42 $1,063.49 $887.56 $175.93 $75,881.64
43 $1,063.49 $889.59 $173.90 $74,992.05
44 $1,063.49 $891.63 $171.86 $74,100.41
45 $1,063.49 $893.68 $169.81 $73,206.74
46 $1,063.49 $895.72 $167.77 $72,311.01
47 $1,063.49 $897.78 $165.71 $71,413.24
48 $1,063.49 $899.83 $163.66 $70,513.40
49 $1,063.49 $901.90 $161.59 $69,611.51
50 $1,063.49 $903.96 $159.53 $68,707.54
51 $1,063.49 $906.03 $157.45 $67,801.51
52 $1,063.49 $908.11 $155.38 $66,893.40
53 $1,063.49 $910.19 $153.30 $65,983.20
54 $1,063.49 $912.28 $151.21 $65,070.93
55 $1,063.49 $914.37 $149.12 $64,156.56
56 $1,063.49 $916.46 $147.03 $63,240.09
57 $1,063.49 $918.56 $144.93 $62,321.53
58 $1,063.49 $920.67 $142.82 $61,400.86
59 $1,063.49 $922.78 $140.71 $60,478.08
60 $1,063.49 $924.89 $138.60 $59,553.19
61 $1,063.49 $927.01 $136.48 $58,626.17
62 $1,063.49 $929.14 $134.35 $57,697.04
63 $1,063.49 $931.27 $132.22 $56,765.77
64 $1,063.49 $933.40 $130.09 $55,832.37
65 $1,063.49 $935.54 $127.95 $54,896.83
66 $1,063.49 $937.68 $125.81 $53,959.14
67 $1,063.49 $939.83 $123.66 $53,019.31
68 $1,063.49 $941.99 $121.50 $52,077.32
69 $1,063.49 $944.15 $119.34 $51,133.18
70 $1,063.49 $946.31 $117.18 $50,186.87
71 $1,063.49 $948.48 $115.01 $49,238.39
72 $1,063.49 $950.65 $112.84 $48,287.74
73 $1,063.49 $952.83 $110.66 $47,334.91
74 $1,063.49 $955.01 $108.48 $46,379.89
75 $1,063.49 $957.20 $106.29 $45,422.69
76 $1,063.49 $959.40 $104.09 $44,463.30
77 $1,063.49 $961.59 $101.90 $43,501.70
78 $1,063.49 $963.80 $99.69 $42,537.90
79 $1,063.49 $966.01 $97.48 $41,571.90
80 $1,063.49 $968.22 $95.27 $40,603.68
81 $1,063.49 $970.44 $93.05 $39,633.24
82 $1,063.49 $972.66 $90.83 $38,660.57
83 $1,063.49 $974.89 $88.60 $37,685.68
84 $1,063.49 $977.13 $86.36 $36,708.55
85 $1,063.49 $979.37 $84.12 $35,729.19
86 $1,063.49 $981.61 $81.88 $34,747.58
87 $1,063.49 $983.86 $79.63 $33,763.72
88 $1,063.49 $986.11 $77.38 $32,777.60
89 $1,063.49 $988.37 $75.12 $31,789.23
90 $1,063.49 $990.64 $72.85 $30,798.59
91 $1,063.49 $992.91 $70.58 $29,805.68
92 $1,063.49 $995.18 $68.30 $28,810.50
93 $1,063.49 $997.47 $66.02 $27,813.03
94 $1,063.49 $999.75 $63.74 $26,813.28
95 $1,063.49 $1,002.04 $61.45 $25,811.24
96 $1,063.49 $1,004.34 $59.15 $24,806.90
97 $1,063.49 $1,006.64 $56.85 $23,800.26
98 $1,063.49 $1,008.95 $54.54 $22,791.31
99 $1,063.49 $1,011.26 $52.23 $21,780.05
100 $1,063.49 $1,013.58 $49.91 $20,766.47
101 $1,063.49 $1,015.90 $47.59 $19,750.58
102 $1,063.49 $1,018.23 $45.26 $18,732.35
103 $1,063.49 $1,020.56 $42.93 $17,711.79
104 $1,063.49 $1,022.90 $40.59 $16,688.89
105 $1,063.49 $1,025.24 $38.25 $15,663.64
106 $1,063.49 $1,027.59 $35.90 $14,636.05
107 $1,063.49 $1,029.95 $33.54 $13,606.10
108 $1,063.49 $1,032.31 $31.18 $12,573.79
109 $1,063.49 $1,034.67 $28.81 $11,539.12
110 $1,063.49 $1,037.05 $26.44 $10,502.07
111 $1,063.49 $1,039.42 $24.07 $9,462.65
112 $1,063.49 $1,041.80 $21.69 $8,420.84
113 $1,063.49 $1,044.19 $19.30 $7,376.65
114 $1,063.49 $1,046.58 $16.90 $6,330.07
115 $1,063.49 $1,048.98 $14.51 $5,281.08
116 $1,063.49 $1,051.39 $12.10 $4,229.70
117 $1,063.49 $1,053.80 $9.69 $3,175.90
118 $1,063.49 $1,056.21 $7.28 $2,119.69
119 $1,063.49 $1,058.63 $4.86 $1,061.06
120 $1,063.49 $1,061.06 $2.43 $0.00