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.


How often is interest paid?*

Accrued interest


New loan balance


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

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.

footnote 1. Some lenders capitalize unpaid interest - add it to the principal amount of your loan. This could increase your total loan cost. Be sure to check with your lender before borrowing or look at ways to pay down the interest before it capitalizes.