<p>Wow, thanks for the calculator.</p>
<p>MIT or Northwestern HPME route:
Loan Balance: $450,000.00 Loan Interest Rate: 6.80%
Monthly Loan Payment: $5,178.61 per month for 10 years
Cumulative Payments: $621,434.04 Total Interest Paid: $171,434.04 </p>
<p>UMKC route
Loan Balance: $150,000.00 Loan Interest Rate: 6.80%
Monthly Loan Payment: $1,726.20 per month for 10 years
Cumulative Payments: $207,144.85 Total Interest Paid: $57,144.85 </p>
<p>Looks scary! so Northwestern HPME or MIT will be $414k cumulative more than UMKC if I calculate the interest that has to be paid. Worth it?</p>