How much will my loan payments be?

This calculator calculates monthly payments for an amortizing loan and interest-only payments on a line of credit.

Many personal and home equity lines of credit require interest-only payments. The credit line may have a cleanup period. A cleanup period requires that the borrower periodically pay down the credit line to zero in order to renew the lending agreement.

An amortization table is also included. The table shows amounts paid for interest and principal.

For most forms of home equity debt, including home equity lines of credit, interest expense can generally be deducted from your income for income tax-reporting purposes.

Credit card ratings: Editors from rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of the editors from, and not influenced by any remuneration their website may receive from card issuers.

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