Recent Calculations
For a 20 year draw period, this calculator helps determine both your interest-only payments and the impact of choosing to make additional principal payments.
Total dollar amount of your equity line.
Annual interest rate for this equity line. Please keep in mind that this is a variable rate product and that this calculator can only assume one rate for the draw period.
The number of years over which you will repay this equity line. This calculator assumes a 20 year draw period.
The minimum monthly payment for the balance on your equity line. The minimum monthly payment is calculated as 100% of the interest owed for the period.
La frecuencia del prepago. Las opciones disponibles son: ninguno, mensual, anual o pago único.
Amount that will be prepaid on your line of credit. This amount will be applied to the principal balance based on the prepayment type.
Este es el número del pago con el que comenzarán a aplicarse los prepagos. Para un pago único, este es el número del pago en el que se incluirá el prepago único. Se supone que todos los prepagos de capital serán recibidos por el agente de préstamo a tiempo para ser considerados en el cálculo de intereses del mes siguiente.
Total amount of interest you will save by prepaying your equity line.