Loan Calculators

Assisting Your College Planning

FOR FEDERAL
STUDENT LOANS

The Federal Student Aid Repayment Estimator is the calculator to use for borrowers with Federal loans that are looking for a basic understanding of their options

It's simple to use and the report provides a concise summary of the repayment plans and projected total costs. However, for the more analytical types, you might be left wanting something a bit more detailed. Repayment plan projections include the following: Standard, Graduated, Extended Fixed, Extended Graduated, REPAYE, PAYE, IBR, IBR

for New Borrowers, and ICR.

REFINANCING STUDENT DEBT

The Student Loan Hero calculator is a great resource for borrowers interested in refinancing their student loans.

One word of advice for borrowers with Federal loans, be sure to evaluate the cost of your income-driven repayment plan choices before opting to refinance. After refinancing, access to the more flexible Federal programs are gone forever. However, borrowers with private loans should strongly consider refinancing their debt because the chances are good that you can lower your interest rate. At the end of the day, Student Loan Hero is a great place to start if you are dead set on refinancing because they also provide links to the top 6 lenders. 

DETAILED STUDENT DEBT ANALYSIS

The student debt problem is probably the worst in the veterinary profession, when relative to expected income. Thus the Veterinarian Information Network (VIN) created this great tool. 

It's free to use and is a great source for running various repayment scenarios and projections. However, the amount of detail required to do a a meaningful comparison requires a borrower to be knowledgeable about student loans. In other words, this calculator is for the DIY type that knows what they are doing.

MORTGAGE
CALCULATOR

Too often student loan borrowers find themselves delaying the purchase of a house because adding a mortgage payment to their student debt feels like paying 2 mortgages.

One way to find out if homeownership is within budget is running the numbers. Zillow has a great mortgage calculator. It goes beyond just showing what you would pay in terms of principal and interest. Meaning their calculator also factors in property taxes, PMI, homeowners insurance, and HOA dues - all the stuff that matters. Additionally, they have other resources like an affordability calculator, VA mortgage calculator, refinance calculator, and debt-to-income calculator. 

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(904) 580 - 4698

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