How does reamortization affect my monthly payment?

At month 18, your loan will reamortize depending on how much you have paid down. To keep your Choice Monthly Payment, you will have to pay down exactly 30% by month 18. If you pay down less than 30% of the loan, your loan will reamortize and your monthly payment will go up accordingly. If you pay down more than 30%, your loan will reamortize and your monthly payment will go down. (But don’t worry, your interest rate will stay the same!)

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