Calculate loan and line of credit monthly payments

This online tool offers insight into the monthly amounts that will be due on your loan.

This calculator can help you determine whether it's overall less expensive to obtain a loan or whether a line of credit would be a better alternative. For the loan, this calculator shows monthly payments. For the line of credit, the calculator assumes only the interest is paid each month until maturity, when the final payment of monthly interest and principal amount are due.

Loan payment calculator

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Monthly payment

Loan: $0
Line of credit: $0

Last payment

Loan: $0
Line of credit: $0

Total payments

Loan: $0
Line of credit: $0

Total interest paid

Loan: $0
Line of credit: $0

A loan with monthly payments of $0 will result in total interest paid of $0.

A line of credit with monthly payments of interest only and a final payment of the balance due will result in total interest paid of $0.

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Neither State Farm® nor its agents provide tax or legal advice. This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. Please consult your own adviser regarding your particular circumstances.

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