Deferred Payment Loan Calculator

Your details

The outstanding loan balance at the start of the deferral window.
Your loan's annual percentage rate (APR). Check your loan agreement or most recent statement.
%
How many months are left on the original loan (before any deferral). For a 5-year loan just starting, enter 60.
months
How many monthly payments you want to skip. Must be less than the remaining loan term.
months
How your lender handles interest during the pause. Most consumer loan deferrals capitalize interest. Student loan forbearance often capitalizes too. Some lenders let you pay interest only. Check your deferral agreement.
How payments are restructured after the deferral. "Same end date" means higher payments to catch up. "Extended term" spreads the cost over a longer period.
Currency
New monthly paymentNo extra interest
$415.45

Your restructured monthly payment after the deferral ends

Original monthly payment$391.32
Interest accrued during deferral$326.76
Balance after deferral$20,326.76
Extra interest cost-$125.65
Total interest paid$3,353.73
Remaining payments57months
Original payment$391.32
New payment$415.45
Extra interest cost-$125.65

Deferring 3 months costs you an extra $-125.65 in total interest.

  • During the 3-month pause, $326.76 in interest accrues, compounding and adding to your balance.
  • Repayment resumes on a balance of $20,326.76.
  • Your monthly payment rises by $24.12 compared to the original.

Next stepAsk your lender whether interest during deferral is capitalized (compounding). The difference between modes can be hundreds of dollars. If you can afford interest-only payments, that option usually costs far less than full capitalization.

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