Calculators

Credit/Savings

Line of credit payoff

When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.

Definitions

Current balance

Current outstanding balance on your line of credit.

Payoff goal (in months)

Your goal for paying off this line of credit. This is the number of months by which you would like to have completely paid off this line of credit balance.

Current monthly payment

The amount you are currently paying per month on this line of credit. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to payoff your balance.

New charges per month

Total new charges you expect to put on this line of credit per month.

Interest rate (APR)

The annual percentage rate for this line of credit.

Rate change (per year)

If you expect the interest to change in the next year, use this to indicate how much. For decreasing rates, enter negative numbers.

Annual fee

Your annual fee for this line of credit.

Draw

Amount to draw from this line of credit.

Months from now

Number of months from now before your draws will occur.