30-yr fixed 6.43% ▾ 0.06 wk

15-yr fixed 5.79% ▾ 0.04 wk

HELOC avg 7.90% — no change

Auto 60-mo new 6.82% ▴ +0.03 mo

Personal 24-mo 11.57% ▾ 0.12 qtr

Credit card APR 21.52% ▴ +0.09 qtr

as of Jul 2, 2026 · Federal Reserve / Freddie Mac via FRED (St. Louis Fed)

Loan Calculators

Deferred Payment Loan

When you delay the first payment on a loan, interest keeps accruing and is added to your balance. See how a deferral period raises your payment and total cost.

Inputs

Solve for ?

Loan amount

Interest rate

Repayment term (years)

Deferral period (months)

Estimates only. Change any value to recalculate instantly.

Payment after deferral $439.19 vs $405.53 with no deferral

Loan amount $20,000

Balance after deferral $21,660 +$1,660 accrued

Monthly payment $439.19

Cost of deferring $2,020

Where the extra cost comes from

Original principal $20k
Interest during deferral $1.7k
Interest while repaying $4.7k

Deferring 12 months lets $1,660 of interest capitalize onto your balance before repayment even begins — which is why the payment and total cost rise. Deferral is convenient but rarely free.

Repayment schedule (after deferral)View table

Year	Principal	Interest	Balance
1	$3,670	$1,600	$17,990
2	$3,975	$1,296	$14,015
3	$4,305	$966	$9,711
4	$4,662	$608	$5,049
5	$5,049	$221	$0

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.