Medical School Loan Payoff Calculator
Estimate monthly payments, total interest, payoff dates, and PSLF forgiveness using your loan balance, rate, and payoff timeline.
Loan inputs
PSLF estimate assumes 10% of salary toward loans for 10 years; actual IDR payments depend on discretionary income and family size.
Results
Calculated in real time as you update inputs.
Monthly Payment Required
$2,271
Fixed payment to clear balance in 10 years at 6.5% interest
Total Interest Paid
$72,515
Payoff Date
Jan 2036
Total Cost: 10y vs 20y
+$85,360
Difference in total paid between 20-year and 10-year payoff
Trend / chart
Explanation
Assumptions: fixed-rate loan with standard amortization; monthly payment uses the standard PMT formula. Federal taxes, insurance, and retirement contributions are not considered in payment affordability. PSLF assumes payments equal to 10% of salary for 120 payments; actual IDR calculations vary by program and household income.
Comparison shows the difference in total paid between 10-year and 20-year schedules using the same interest rate.