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
Tell us about the loan you are considering
Total interest paid
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.