Come usare Plan Family Debt with Our Student Loan & Mortgage Calculator
- Enter your loan balance. Type in the total amount you owe (or expect to borrow). Combine federal and private loans if you want one big-picture number for the household.
- Add your interest rate. Use the rate from your loan paperwork. If you've got several loans at different rates, run them one at a time or use a weighted average.
- Confirm the 10-year term. We default to the standard 10-year repayment plan because that's the federal baseline. It keeps comparisons apples-to-apples across loans.
- Hit calculate. You'll instantly see your monthly payment and the total interest you'll pay across the life of the loan.
- Slot it into the family budget. Drop the monthly number next to your other fixed costs — rent or mortgage, groceries, sports fees — and see what's left for college visits or savings.
- Run a few what-ifs. Try a lower rate, a smaller balance, or a faster payoff to see how each move shifts the total interest. Small tweaks add up to real money.