Loan or Line of Credit Calculator
This calculator helps determine your monthly payment for loan or line of credit. For a loan payment, select fixed term loan. For a line-of-credit payment, you can choose 2%, 1.5%, or 1.0% of the outstanding balance or interest only.

Please be sure to replace the default values presented here with your own values before you calculate!


This Financial Calculator requires a Browser with Java Support

Definitions
Loan amount Total dollar amount of your loan.
Interest rate (APR) The annual interest percentage rate for this loan or line of credit.
Term in months Number of months for this loan or line of credit.
Fixed loan term Traditional amortization produces a fixed monthly payment. The monthly payment calculated will leave a zero balance at the end of the loan's term.
2%, 1.5% or 1% of balance Your minimum payment is calculated as a percentage of the outstanding principal balance. Your minimum payment will change each month, and if you only make the minimum payment your balance will not be zero at the end of your loan's term.
100% of interest owed For lines where you pay interest owed, your payment is 100% of the interest accrued during the month but no principal. Your payment may not be fixed if your interest rate or principal balance changes.