Deferred Payment Loan Calculator
Calculate the impact of loan deferment on your repayment schedule and total interest
Loan Inputs
Loan Deferment
Deferment Impact
Payment Summary
| Metric | Original Loan | Deferred Loan | Difference |
|---|---|---|---|
| Monthly Payment | $1060.66 | $1114.92 | $54.27 |
| Total Interest | $27278.62 | $33790.43 | $6511.82 |
| Total Amount | $127278.62 | $138906.62 | $11628.01 |
| Loan Term (Months) | 120 | 132 | 12 |
| Final Payment Date | 9/4/2035 | 9/4/2036 | - |
Interest Treatment Options
Interest is added to the principal balance monthly
Only interest payments continue during deferment
Interest accumulates and is paid after deferment
No interest charges during deferment period
Repayment Options
Same End Date
Higher payments to finish by original date
Extended Term
Term extended by deferment period
Same Payment
Keep original payment, extend term as needed
Understanding Loan Deferment
What is Loan Deferment?
Loan deferment is an agreement between borrower and lender where payments are temporarily suspended for a specific period. During this time, the borrower is not required to make regular loan payments.
When is Deferment Used?
- Financial hardship or unemployment
- Medical emergencies
- Natural disasters
- Returning to school
- Military deployment
Types of Interest Treatment
Capitalized Interest
Most common type where interest continues to accrue and is added to the principal balance, increasing the total amount owed.
Interest-Only Payments
Borrower continues to pay interest to prevent balance growth, but principal payments are deferred.
Enter Loan Details
Input your current loan amount, terms, and interest rate
Set Deferment Terms
Choose interest treatment and repayment options
Compare Scenarios
Review the impact on payments and total cost