Line of Credit Calculator
Calculate your line of credit or loan payments.
|
|
|
LOC
|
Loan
|
| Description |
Line of Credit
|
Loan
|
| Payment frequency |
|
|
| Amount borrowed |
25,000
|
25,000
|
| Interest rate |
6.00%
|
5.00%
Input Error: Interest Rate
The maximum value you can enter is 20%. |
| Term (in months) |
60
|
60
Input Error: Amortization
The maximum value you can enter is 360. |
| Term (in years) |
5.00
|
5.00
|
| Payment amount |
471.78
|
471.78
|
| Extra payment |
100.00
|
100.00
|
| Total payment |
571.78
|
571.78
|
|
Line of Credit Payment
$471.78 |
Loan Payment
$571.78 |
|
| Time to Pay Off | 5.0 yrs | 4.0 yrs |
| Total Interest | $3307 | $2656 |
| Ending Balance | $3307 | $2656 |
Payment Schedule
Payment Schedule
Include:
Disclaimer
