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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.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Financial Calculators from
Dinkytown.net
**FIG_GRAPHTITLE** Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Financial Calculators from
Dinkytown.net
Line of Credit Payoff Calculator | Profinium Inc.
Line of credit information: |
Future draws from line: | $0.00 |
Credit Line Payoff by Month |
Alternate Payoff Scenarios |
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.