Note: Calculator assumes the interest rate remains the same and that unpaid interest isn't capitalized—added to the principal amount of your loan—at any time.footnote 1
Accrued Interest Calculator
See how accrued interest could affect your loan balance. Even if you're not currently making loan payments, interest continues to accrue (grow). Paying a little more toward your loan may reduce your total loan cost.
Amounts are estimates.
See how paying more can have a positive impact on your loan balance. If you entered "Never" on the left, try selecting a different frequency and enter a manageable payment amount. Or, if you are are already making payments, try increasing the amount. The new calculation will show you how your loan balance can change.
Looking for more tips? Our Monthly Budget Worksheet can help you look for a few dollars to put toward your loan.