2Calculated payments and savings are only estimates. Using the free calculator does not constitute an offer to receive a loan and will not solicit a loan offer. Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply. To achieve $16,651 in estimated savings over the life of their loan assuming a 6.8% interest rate, borrowers must take advantage of automatic payment benefit, a total of 0.25 percentage point interest rate reductions. For example: based on a loan amount of $189,000, at 5.54%, 51 months of $1 / month payments and a 10 year repayment term, total finance charges before any interest rate reductions would be $130,663.38. After a 0.25 percentage point interest rate reduction, total finance charges would be reduced to $127,030.22. The 0.25 percentage point ACH discount is applied only during the repayment period after the completion of a training program. Estimated lifetime savings is calculated by comparing the same monthly payments in both scenarios and assumes the same deferment period. There are no penalties for paying higher monthly amounts on Splash loans. Actual savings will vary based on terms selected, deferment period and any prepayment of outstanding principal.