What will it take to pay off my line of credit?
This tool shows either the number of months necessary to repay a home equity line of credit - if the debt is paid off in the desired timeframe entered - or how much debt you will have at the end of the period. In case the interest rate is variable, the calculator allows you to enter a forecast.
You may enter future monthly payments as either a fixed amount or a variable amount that amortizes the credit line balance by a fixed percentage of the outstanding loan balance.
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