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Line of Credit Calculator: Minimum Payment Rate 0.50% Fixed Payment Amount 800.00

The document is a 3 page output from a line of credit calculator. It shows the inputs for a $75,000 line of credit with a 6% interest rate over 10 years. It then provides a detailed amortization schedule for the loan with the monthly payments, interest accrued, and remaining principal balance over the 10 year period. It also runs simulations to show how the payment and balance would change if the interest rate increases or decreases over time.

Uploaded by

Jef S Adam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
56 views3 pages

Line of Credit Calculator: Minimum Payment Rate 0.50% Fixed Payment Amount 800.00

The document is a 3 page output from a line of credit calculator. It shows the inputs for a $75,000 line of credit with a 6% interest rate over 10 years. It then provides a detailed amortization schedule for the loan with the monthly payments, interest accrued, and remaining principal balance over the 10 year period. It also runs simulations to show how the payment and balance would change if the interest rate increases or decreases over time.

Uploaded by

Jef S Adam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 3

Page 1 of 3

Line of Credit Calculator


http://www.vertex42.com/Calculators/line-of-credit.html

2010 Vertex42 LLC

Inputs
Credit Limit
Starting Interest Rate
Draw Period in Years
First Day Interest Accrues
Payment Frequency
Days in Year

75,000
6.00%
10
1/1/2010
Monthly
365

Balance at End of Draw Period


Total Borrowed
Total Payments
Total Interest Accrued
Ending Principal Balance
Deferred Interest Balance
Total Balloon Payment Owed

50,000.00
66,627.48
16,627.48
-

Variable Rate Simulation


Periods Between Rate Changes
Estimated Rate Change
Maximum Interest Rate
Maximum Payment During Draw Period

1
0.00%
18.00%
555.44

Payment Options
Payment Option
Minimum Payment Rate
Pay Off in X Years
Fixed Payment Amount
Deferred Interest

Amortized

0.50%
10
800.00

Interest Rate History

8%

Principal Balance

60,000

6%

50,000
40,000

4%

30,000

Period

20,000

2%
0

10,000

50

100

150

Random FALSE
Rate Change

2/1/2019

2/1/2018

2/1/2017

2/1/2016

2/1/2015

2/1/2014

2/1/2013

2/1/2012

2/1/2011

2/1/2010

Min Change
Max Change
Minimum Interest Rate

-0.35%
0.45%
2.00%

Payment
Date

Interest
Rate

Deferred
Interest

12/31/2009

6.00%

Total Owed

2/1/10

6.00%

263.01

555.10

3/1/10

6.00%

228.79

555.25

49,707.91

0.00

49,707.91

49,381.45

0.00

4/1/10

6.00%

251.64

49,381.45

555.03

49,078.06

0.00

5/1/10

6.00%

49,078.06

242.03

555.08

48,765.01

0.00

6/1/10

48,765.01

6.00%

248.50

555.04

48,458.47

0.00

48,458.47

7/1/10

6.00%

238.97

555.09

48,142.35

0.00

48,142.35

8/1/10

6.00%

245.33

555.06

47,832.62

0.00

47,832.62

9/1/10

6.00%

243.75

555.11

47,521.26

0.00

47,521.26

10/1/10

6.00%

234.35

555.16

47,200.45

0.00

47,200.45

10

11/1/10

6.00%

240.53

555.13

46,885.85

0.00

46,885.85

11

12/1/10

6.00%

231.22

555.18

46,561.89

0.00

46,561.89

12

1/1/11

6.00%

237.27

555.14

46,244.02

0.00

46,244.02

13

2/1/11

6.00%

235.65

555.19

45,924.48

0.00

45,924.48

14

3/1/11

6.00%

211.38

555.25

45,580.61

0.00

45,580.61

15

4/1/11

6.00%

232.27

555.03

45,257.85

0.00

45,257.85

16

5/1/11

6.00%

223.19

555.08

44,925.96

0.00

44,925.96

17

6/1/11

6.00%

228.94

555.04

44,599.86

0.00

44,599.86

18

7/1/11

6.00%

219.94

555.09

44,264.71

0.00

44,264.71

19

8/1/11

6.00%

225.57

555.06

43,935.22

0.00

43,935.22

20

9/1/11

6.00%

223.89

555.11

43,604.00

0.00

43,604.00

21

10/1/11

6.00%

215.03

555.16

43,263.87

0.00

43,263.87

22

11/1/11

6.00%

220.47

555.13

42,929.21

0.00

42,929.21

23

12/1/11

6.00%

211.71

555.18

42,585.74

0.00

42,585.74

24

1/1/12

6.00%

217.01

555.14

42,247.61

0.00

42,247.61

25

2/1/12

6.00%

215.29

555.19

41,907.71

0.00

41,907.71

26

3/1/12

6.00%

199.78

555.25

41,552.24

0.00

41,552.24

27

4/1/12

6.00%

211.75

555.12

41,208.87

0.00

41,208.87

28

5/1/12

6.00%

203.22

555.17

40,856.92

0.00

40,856.92

29

6/1/12

6.00%

208.20

555.13

40,509.99

0.00

40,509.99

30

7/1/12

6.00%

199.78

555.19

40,154.58

0.00

40,154.58

No.

Interest
Accrued

Payment

Amount
Borrowed
50,000.00

http://www.vertex42.com/Calculators/line-of-credit.html

Additional
Payment

Principal

Payment Schedule
Principal
Balance
$50,000.00

2010 Vertex42 LLC

Payment
Date

Interest
Rate

Interest
Accrued

Payment

Principal
Balance

Deferred
Interest

31

8/1/12

6.00%

204.62

Total Owed

555.15

39,804.05

0.00

32

9/1/12

6.00%

39,804.05

202.84

555.20

39,451.69

0.00

33

10/1/12

39,451.69

6.00%

194.56

555.26

39,090.99

0.00

34

39,090.99

11/1/12

6.00%

199.20

555.22

38,734.97

0.00

38,734.97

35

12/1/12

6.00%

191.02

555.27

38,370.72

0.00

38,370.72

36

1/1/13

6.00%

195.53

555.23

38,011.02

0.00

38,011.02

37

2/1/13

6.00%

193.70

555.29

37,649.43

0.00

37,649.43

38

3/1/13

6.00%

173.29

555.34

37,267.38

0.00

37,267.38

39

4/1/13

6.00%

189.91

555.12

36,902.17

0.00

36,902.17

40

5/1/13

6.00%

181.98

555.17

36,528.98

0.00

36,528.98

41

6/1/13

6.00%

186.15

555.13

36,160.00

0.00

36,160.00

42

7/1/13

6.00%

178.32

555.19

35,783.13

0.00

35,783.13

43

8/1/13

6.00%

182.35

555.15

35,410.33

0.00

35,410.33

44

9/1/13

6.00%

180.45

555.20

35,035.58

0.00

35,035.58

45

10/1/13

6.00%

172.78

555.26

34,653.10

0.00

34,653.10

46

11/1/13

6.00%

176.59

555.22

34,274.47

0.00

34,274.47

47

12/1/13

6.00%

169.02

555.27

33,888.22

0.00

33,888.22

48

1/1/14

6.00%

172.69

555.23

33,505.68

0.00

33,505.68

49

2/1/14

6.00%

170.74

555.29

33,121.13

0.00

33,121.13

50

3/1/14

6.00%

152.45

555.34

32,718.24

0.00

32,718.24

51

4/1/14

6.00%

166.73

555.12

32,329.85

0.00

32,329.85

52

5/1/14

6.00%

159.43

555.17

31,934.11

0.00

31,934.11

53

6/1/14

6.00%

162.73

555.13

31,541.71

0.00

31,541.71

54

7/1/14

6.00%

155.55

555.19

31,142.07

0.00

31,142.07

55

8/1/14

6.00%

158.70

555.15

30,745.62

0.00

30,745.62

56

9/1/14

6.00%

156.68

555.20

30,347.10

0.00

30,347.10

57

10/1/14

6.00%

149.66

555.25

29,941.51

0.00

29,941.51

58

11/1/14

6.00%

152.58

555.22

29,538.87

0.00

29,538.87

59

12/1/14

6.00%

145.67

555.27

29,129.27

0.00

29,129.27

60

1/1/15

6.00%

148.44

555.23

28,722.48

0.00

28,722.48

61

2/1/15

6.00%

146.37

555.29

28,313.56

0.00

28,313.56

62

3/1/15

6.00%

130.32

555.34

27,888.54

0.00

27,888.54

63

4/1/15

6.00%

142.12

555.12

27,475.54

0.00

27,475.54

64

5/1/15

6.00%

135.50

555.17

27,055.87

0.00

27,055.87

65

6/1/15

6.00%

137.87

555.13

26,638.61

0.00

26,638.61

66

7/1/15

6.00%

131.37

555.19

26,214.79

0.00

26,214.79

67

8/1/15

6.00%

133.59

555.15

25,793.23

0.00

25,793.23

68

9/1/15

6.00%

131.44

555.20

25,369.47

0.00

25,369.47

69

10/1/15

6.00%

125.11

555.26

24,939.32

0.00

24,939.32

70

11/1/15

6.00%

127.09

555.22

24,511.19

0.00

24,511.19

71

12/1/15

6.00%

120.88

555.27

24,076.80

0.00

24,076.80

72

1/1/16

6.00%

122.69

555.23

23,644.26

0.00

23,644.26

73

2/1/16

6.00%

120.49

555.29

23,209.46

0.00

23,209.46

74

3/1/16

6.00%

110.64

555.34

22,764.76

0.00

22,764.76

75

4/1/16

6.00%

116.01

555.21

22,325.56

0.00

22,325.56

76

5/1/16

6.00%

110.10

555.26

21,880.40

0.00

21,880.40

77

6/1/16

6.00%

111.50

555.22

21,436.68

0.00

21,436.68

78

7/1/16

6.00%

105.72

555.28

20,987.12

0.00

20,987.12

79

8/1/16

6.00%

106.95

555.24

20,538.83

0.00

20,538.83

80

9/1/16

6.00%

104.66

555.29

20,088.20

0.00

20,088.20

81

10/1/16

6.00%

99.07

555.35

19,631.92

0.00

19,631.92

82

11/1/16

6.00%

100.04

555.31

19,176.65

0.00

19,176.65

83

12/1/16

6.00%

94.57

555.36

18,715.86

0.00

18,715.86

84

1/1/17

6.00%

95.37

555.33

18,255.90

0.00

18,255.90

85

2/1/17

6.00%

93.03

555.38

17,793.55

0.00

17,793.55

86

3/1/17

6.00%

81.90

555.43

17,320.02

0.00

17,320.02

87

4/1/17

6.00%

88.26

555.21

16,853.07

0.00

16,853.07

88

5/1/17

6.00%

83.11

555.26

16,380.92

0.00

16,380.92

89

6/1/17

6.00%

83.48

555.22

15,909.18

0.00

15,909.18

90

7/1/17

6.00%

78.46

555.28

15,432.36

0.00

15,432.36

91

8/1/17

6.00%

78.64

555.24

14,955.76

0.00

14,955.76

92

9/1/17

6.00%

76.21

555.29

14,476.68

0.00

14,476.68

93

10/1/17

6.00%

71.39

555.35

13,992.72

0.00

13,992.72

94

11/1/17

6.00%

71.31

555.31

13,508.72

0.00

13,508.72

No.

http://www.vertex42.com/Calculators/line-of-credit.html

Amount
Borrowed

Additional
Payment

Principal

Page 2 of 3

2010 Vertex42 LLC

Payment
Date

Interest
Rate

Interest
Accrued

Payment

Principal
Balance

Deferred
Interest

95

12/1/17

6.00%

66.62

Total Owed

555.37

13,019.97

0.00

96

1/1/18

6.00%

13,019.97

66.35

555.33

12,530.99

0.00

97

2/1/18

12,530.99

6.00%

63.86

555.38

12,039.47

0.00

98

12,039.47

3/1/18

6.00%

55.41

555.44

11,539.44

0.00

11,539.44

99

4/1/18

6.00%

58.80

555.21

11,043.03

0.00

11,043.03

100

5/1/18

6.00%

54.46

555.26

10,542.23

0.00

10,542.23

101

6/1/18

6.00%

53.72

555.22

10,040.73

0.00

10,040.73

102

7/1/18

6.00%

49.52

555.28

9,534.97

0.00

9,534.97

103

8/1/18

6.00%

48.59

555.24

9,028.32

0.00

9,028.32

104

9/1/18

6.00%

46.01

555.29

8,519.04

0.00

8,519.04

105

10/1/18

6.00%

42.01

555.35

8,005.70

0.00

8,005.70

106

11/1/18

6.00%

40.80

555.31

7,491.19

0.00

7,491.19

107

12/1/18

6.00%

36.94

555.37

6,972.76

0.00

6,972.76

108

1/1/19

6.00%

35.53

555.33

6,452.96

0.00

6,452.96

109

2/1/19

6.00%

32.88

555.38

5,930.46

0.00

5,930.46

110

3/1/19

6.00%

27.30

555.44

5,402.32

0.00

5,402.32

111

4/1/19

6.00%

27.53

555.20

4,874.65

0.00

4,874.65

112

5/1/19

6.00%

24.04

555.26

4,343.43

0.00

4,343.43

113

6/1/19

6.00%

22.13

555.22

3,810.34

0.00

3,810.34

114

7/1/19

6.00%

18.79

555.28

3,273.85

0.00

3,273.85

115

8/1/19

6.00%

16.68

555.23

2,735.30

0.00

2,735.30

116

9/1/19

6.00%

13.94

555.29

2,193.95

0.00

2,193.95

117

10/1/19

6.00%

10.82

555.36

1,649.41

0.00

1,649.41

118

11/1/19

6.00%

8.41

555.31

1,102.51

0.00

1,102.51

119

12/1/19

6.00%

5.44

555.39

552.56

0.00

552.56

120

1/1/20

6.00%

2.82

555.38

0.00

0.00

0.00

No.

http://www.vertex42.com/Calculators/line-of-credit.html

Amount
Borrowed

Additional
Payment

Principal

Page 3 of 3

2010 Vertex42 LLC

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