Yearly loans — amounts borrowed each year
Federal
Other
Grace period
months
Years to payoff
—
Total interest
—
Payment · Yr 10
—
Total paid out
—
Payment controls
Starting monthly payment (total)
$4,000
Annual payment increase
5.0%
Portion of total going to Other
$500
Comes out of your monthly payment above — not on top of it.
Strategy
Bonuses & lump sums
No bonuses added yet.
e.g. an annual bonus, tax refund, or windfall.
Balance over time
Strategy comparison
| Strategy | Payoff | Total interest | vs 50/50 |
|---|