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## Year by Year Loan Payoff Calculator and advice on 3 (90 day) overdue notices

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## Year by Year Loan Payoff Calculator and advice on 3 (90 day) overdue notices

I'd like an overview of  how much I will owe by a year by year basis on my student loans. I don't want to spreadsheet this if I can avoid it, especially since I'd like to experiment with different interest rates.

In short a calculator/chart like this.

Starting Loan Balance 70k   (P + is amount Principle Payment Increase in \$, I - is amount Interest Payment Decreases in \$)

Year 1 Amount Owed    70,000            Interest Rate   7.8%      Total Payment (Principle 3420, Interest 5460) = 8800,   P + (add), I. - (decrease)

Year 2 Amount Owed    66,580            Interest Rate   7.8%      Total Payment  (Principle 3687, Interest 5193) = 8800,   P + 267, I - 267

Year 3 Amount Owed    62,893            Interest Rate   7.8%      Total Payment (Principle 3975 , Interest 4905) = 8800,   P + 288, I - 288

Year 4 Amount Owed    58,918            Interest Rate   7.8%      Total Payment (Principle 4205 , Interest 4595) = 8800,   P + 230, I - 310

Year 5 Amount Owed    54,323            Interest Rate   7.8%       Total Payment (Principle 4563 , Interest 4237) = 8800,  P + 358, I - 358

Year 6 Amount Owed    49,760             Interest Rate   7.8%      Total Payment (Principle 4979 , Interest 3821) = 8800,  P + 416, I - 415

Year 7 Amount Owed    44,781            Interest Rate   7.8%       Total Payment (Principle 5308 , Interest 3492) = 8800,  P + 329, I - 329

Year 8 Amount Owed    39,473            Interest Rate   7.8%       Total Payment (Principle 5722 , Interest 3078) = 8800,  P + 358, I - 358

Year 9 Amount Owed    33,751            Interest Rate   7.8%       Total Payment (Principle 6168 , Interest 2632) = 8800,  P + 446, I - 446

Year 10 Amou. Owed    27,583            Interest Rate   7.8%       Total Payment (Principle 6649 , Interest 2151) = 8800,  P + 481, I - 481

Year 11 Amou. Owed    20,934            Interest Rate   7.8%       Total Payment (Principle 7168 , Interest 1632) = 8800,  P + 519, I - 519

Year 12 Amou. Owed    13,766            Interest Rate   7.8%       Total Payment (Principle 7727 , Interest 1073) = 8800,  P + 559, I - 559

Year 13 Amou. Owed    6039               Interest Rate   7.8%       Total Payment (Principle 8329 , Interest 471)   8800

I have 4 private loans, totaling 70k with a weighted interest rate of 7.8%. I want to refinance this loan but wan't to increase my FICO of 648 before I do so to hopefully get a better interest rate. I might be able to increase my credit to 718 simply by opening a credit card. Any recommendations? I'm interested in credit to refinance hard money loans for real estate investments.

Furthermore, there are 3 notices of 120 overdue payments. This is alarming and surprising. To my knowledge, there should not be this many or at all. There may be a discrepancy somewhere. While I was in school, I defered the payments. Thats the only thing I can think of.

CES student loans were the ones who reported. They since transferred the loan to Reliamax.

What are my options? Should I call CES and see if I can work it out. If I pay them, will they remove the notices? How soon will they go effect? Likelyhood they will do it, even if I was at fault?

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