Line of Credit Calculator
Estimate interest and payments when you draw on a line of credit. Enter the amount drawn, APR, and how you plan to repay (e.g. interest-only or amortizing).
Calculate your payment
Enter values to calculate.
How it works
Interest is typically calculated on the outstanding balance. We show interest cost and optional payment schedule based on your inputs.
When to use it
Use when comparing a HELOC or personal line of credit to a term loan.
Frequently asked questions
What is a draw?
The amount you borrow from the line. You can draw and repay repeatedly up to the credit limit.