Student Loan Payment Calculator for University of Minnesota Twin Cities

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $115,276.00 to attend University of Minnesota Twin Cities. 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 Minnesota Twin Cities Student Loan Payments
Example Payments
Monthly Loan Payment$1,099.86
Amount Borrowed$115,276.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$16,707.22
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 $131,983.22 to afford the $1,099.86 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 Minnesota Twin Cities student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,099.86 $835.69 $264.17 $114,440.31
2 $1,099.86 $837.60 $262.26 $113,602.71
3 $1,099.86 $839.52 $260.34 $112,763.19
4 $1,099.86 $841.44 $258.42 $111,921.75
5 $1,099.86 $843.37 $256.49 $111,078.37
6 $1,099.86 $845.31 $254.55 $110,233.07
7 $1,099.86 $847.24 $252.62 $109,385.83
8 $1,099.86 $849.18 $250.68 $108,536.64
9 $1,099.86 $851.13 $248.73 $107,685.51
10 $1,099.86 $853.08 $246.78 $106,832.43
11 $1,099.86 $855.04 $244.82 $105,977.39
12 $1,099.86 $857.00 $242.86 $105,120.40
13 $1,099.86 $858.96 $240.90 $104,261.44
14 $1,099.86 $860.93 $238.93 $103,400.51
15 $1,099.86 $862.90 $236.96 $102,537.61
16 $1,099.86 $864.88 $234.98 $101,672.73
17 $1,099.86 $866.86 $233.00 $100,805.87
18 $1,099.86 $868.85 $231.01 $99,937.03
19 $1,099.86 $870.84 $229.02 $99,066.19
20 $1,099.86 $872.83 $227.03 $98,193.36
21 $1,099.86 $874.83 $225.03 $97,318.52
22 $1,099.86 $876.84 $223.02 $96,441.68
23 $1,099.86 $878.85 $221.01 $95,562.84
24 $1,099.86 $880.86 $219.00 $94,681.97
25 $1,099.86 $882.88 $216.98 $93,799.09
26 $1,099.86 $884.90 $214.96 $92,914.19
27 $1,099.86 $886.93 $212.93 $92,027.26
28 $1,099.86 $888.96 $210.90 $91,138.29
29 $1,099.86 $891.00 $208.86 $90,247.29
30 $1,099.86 $893.04 $206.82 $89,354.25
31 $1,099.86 $895.09 $204.77 $88,459.16
32 $1,099.86 $897.14 $202.72 $87,562.02
33 $1,099.86 $899.20 $200.66 $86,662.82
34 $1,099.86 $901.26 $198.60 $85,761.56
35 $1,099.86 $903.32 $196.54 $84,858.24
36 $1,099.86 $905.39 $194.47 $83,952.84
37 $1,099.86 $907.47 $192.39 $83,045.38
38 $1,099.86 $909.55 $190.31 $82,135.83
39 $1,099.86 $911.63 $188.23 $81,224.20
40 $1,099.86 $913.72 $186.14 $80,310.47
41 $1,099.86 $915.82 $184.04 $79,394.66
42 $1,099.86 $917.91 $181.95 $78,476.74
43 $1,099.86 $920.02 $179.84 $77,556.73
44 $1,099.86 $922.13 $177.73 $76,634.60
45 $1,099.86 $924.24 $175.62 $75,710.36
46 $1,099.86 $926.36 $173.50 $74,784.00
47 $1,099.86 $928.48 $171.38 $73,855.52
48 $1,099.86 $930.61 $169.25 $72,924.92
49 $1,099.86 $932.74 $167.12 $71,992.18
50 $1,099.86 $934.88 $164.98 $71,057.30
51 $1,099.86 $937.02 $162.84 $70,120.28
52 $1,099.86 $939.17 $160.69 $69,181.11
53 $1,099.86 $941.32 $158.54 $68,239.79
54 $1,099.86 $943.48 $156.38 $67,296.31
55 $1,099.86 $945.64 $154.22 $66,350.67
56 $1,099.86 $947.81 $152.05 $65,402.87
57 $1,099.86 $949.98 $149.88 $64,452.89
58 $1,099.86 $952.16 $147.70 $63,500.73
59 $1,099.86 $954.34 $145.52 $62,546.39
60 $1,099.86 $956.52 $143.34 $61,589.87
61 $1,099.86 $958.72 $141.14 $60,631.15
62 $1,099.86 $960.91 $138.95 $59,670.24
63 $1,099.86 $963.12 $136.74 $58,707.12
64 $1,099.86 $965.32 $134.54 $57,741.80
65 $1,099.86 $967.54 $132.32 $56,774.26
66 $1,099.86 $969.75 $130.11 $55,804.51
67 $1,099.86 $971.97 $127.89 $54,832.54
68 $1,099.86 $974.20 $125.66 $53,858.33
69 $1,099.86 $976.43 $123.43 $52,881.90
70 $1,099.86 $978.67 $121.19 $51,903.23
71 $1,099.86 $980.92 $118.94 $50,922.31
72 $1,099.86 $983.16 $116.70 $49,939.15
73 $1,099.86 $985.42 $114.44 $48,953.73
74 $1,099.86 $987.67 $112.19 $47,966.06
75 $1,099.86 $989.94 $109.92 $46,976.12
76 $1,099.86 $992.21 $107.65 $45,983.91
77 $1,099.86 $994.48 $105.38 $44,989.43
78 $1,099.86 $996.76 $103.10 $43,992.67
79 $1,099.86 $999.04 $100.82 $42,993.63
80 $1,099.86 $1,001.33 $98.53 $41,992.30
81 $1,099.86 $1,003.63 $96.23 $40,988.67
82 $1,099.86 $1,005.93 $93.93 $39,982.74
83 $1,099.86 $1,008.23 $91.63 $38,974.51
84 $1,099.86 $1,010.54 $89.32 $37,963.96
85 $1,099.86 $1,012.86 $87.00 $36,951.10
86 $1,099.86 $1,015.18 $84.68 $35,935.92
87 $1,099.86 $1,017.51 $82.35 $34,918.42
88 $1,099.86 $1,019.84 $80.02 $33,898.58
89 $1,099.86 $1,022.18 $77.68 $32,876.40
90 $1,099.86 $1,024.52 $75.34 $31,851.88
91 $1,099.86 $1,026.87 $72.99 $30,825.02
92 $1,099.86 $1,029.22 $70.64 $29,795.80
93 $1,099.86 $1,031.58 $68.28 $28,764.22
94 $1,099.86 $1,033.94 $65.92 $27,730.28
95 $1,099.86 $1,036.31 $63.55 $26,693.97
96 $1,099.86 $1,038.69 $61.17 $25,655.28
97 $1,099.86 $1,041.07 $58.79 $24,614.21
98 $1,099.86 $1,043.45 $56.41 $23,570.76
99 $1,099.86 $1,045.84 $54.02 $22,524.92
100 $1,099.86 $1,048.24 $51.62 $21,476.68
101 $1,099.86 $1,050.64 $49.22 $20,426.03
102 $1,099.86 $1,053.05 $46.81 $19,372.98
103 $1,099.86 $1,055.46 $44.40 $18,317.52
104 $1,099.86 $1,057.88 $41.98 $17,259.64
105 $1,099.86 $1,060.31 $39.55 $16,199.33
106 $1,099.86 $1,062.74 $37.12 $15,136.59
107 $1,099.86 $1,065.17 $34.69 $14,071.42
108 $1,099.86 $1,067.61 $32.25 $13,003.81
109 $1,099.86 $1,070.06 $29.80 $11,933.75
110 $1,099.86 $1,072.51 $27.35 $10,861.24
111 $1,099.86 $1,074.97 $24.89 $9,786.27
112 $1,099.86 $1,077.43 $22.43 $8,708.83
113 $1,099.86 $1,079.90 $19.96 $7,628.93
114 $1,099.86 $1,082.38 $17.48 $6,546.55
115 $1,099.86 $1,084.86 $15.00 $5,461.69
116 $1,099.86 $1,087.34 $12.52 $4,374.35
117 $1,099.86 $1,089.84 $10.02 $3,284.52
118 $1,099.86 $1,092.33 $7.53 $2,192.18
119 $1,099.86 $1,094.84 $5.02 $1,097.35
120 $1,099.86 $1,097.35 $2.51 $0.00