Sample Loan Repayment Charts
Repayment Option Comparison Chart
This chart compares the "monthly payments" and the "estimated interest expenses" of the standard and graduated repayment plans using identical 10-year terms and an 8.25% interest rate.
| Standard Repayment Option |
Graduated Repayment Option |
|||
| Amount Borrowed |
Monthly Payment for 10 Years |
Total Amount Repaid |
Monthly Payment for 10 Years |
Total Amount Repaid |
| $3,500 $4,500 |
$40.41 $51.95 |
$4849.20 $6234.00 |
||
| $8,000 $10,000 |
$100 $123 |
$12,096 $14,718 |
1st stage: $75 for 3 years 2nd stage: $125 for 3 years 3rd stage: $181 for 4 years |
$15,888 |
| $15,000 |
$184 |
$22,077 |
1st stage: $135 for 3 years 2nd stage: $180 for 3 years 3rd stage: $250 for 4 years |
$23,340 |
| $20,000 |
$245 |
$29,437 |
1st stage: $185 for 3 years 2nd stage: $250 for 3 years 3rd stage: $318 for 4 years |
$30,905 |
