Line-of-Credit Payoff

in

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.


















This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.



    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in

    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

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.


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.


Interest rate (APR)
The annual percentage rate for this line of credit.


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.





Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



  • Share this
Syndicate content

VantageCU Twitter Feed

  • Are discounts coming for paying cash? Are card rewards the better deal? It depends... http://ow.ly/2xTX3 — 1 day 7 hours ago
  • New vcu.com post: The ABCs of Building Credit - A good credit history is important not only for getting good interes... http://ht.ly/18N0Vn — 3 days 2 hours ago
  • Looking for something fun and free to do this weekend? It's Bluesweek in St. Louis. http://ow.ly/2vLvo — 6 days 6 hours ago
  • New vcu.com post: The Good, The Bad, The Credit Card - A credit card is a double-edged sword. One edge offers conven... http://ht.ly/18JZ1g — 6 days 23 hours ago
  • Job seekers: are you shooting too low in your job search? Check out tips on how to improve your chances of being hired. http://ow.ly/2uBkN — 1 week 1 day ago
more

test