Line of Credit Calculator
Estimate monthly interest and payoff timeline for a revolving business line of credit.
Line of Credit Calculator
Estimate monthly interest and payoff timeline for a revolving balance.
Enter your balance and payment
Your Results
First 12 months preview
| Metric | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| Month 1 | $1,500 | $604 | $896 | $49,104 |
| Month 2 | $1,500 | $593 | $907 | $48,198 |
| Month 3 | $1,500 | $582 | $918 | $47,280 |
| Month 4 | $1,500 | $571 | $929 | $46,351 |
| Month 5 | $1,500 | $560 | $940 | $45,411 |
| Month 6 | $1,500 | $549 | $951 | $44,460 |
| Month 7 | $1,500 | $537 | $963 | $43,497 |
| Month 8 | $1,500 | $526 | $974 | $42,523 |
| Month 9 | $1,500 | $514 | $986 | $41,537 |
| Month 10 | $1,500 | $502 | $998 | $40,539 |
| Month 11 | $1,500 | $490 | $1,010 | $39,528 |
| Month 12 | $1,500 | $478 | $1,022 | $38,506 |
How this loan calculator works
The Line of Credit Calculator in figflows is designed to give you a fast and practical estimate without requiring an account or sending your data to a server. You can explore different scenarios by changing inputs and immediately seeing how the outputs respond.
We keep the experience static-first and SEO-friendly: the page content is pre-rendered at build time, and only the calculator itself runs on the client. That approach keeps the site fast while still delivering interactive results.
Use this page as a planning tool: start with realistic inputs, then adjust one variable at a time to understand what matters most. If you’re using this calculator for budgeting, it’s often helpful to run a “best case,” “expected,” and “worst case” scenario and compare the deltas.
Quick steps
- Enter your inputs in the form above. You can adjust values to compare scenarios.
- We compute results instantly in your browser (no server calls), so your inputs stay on your device.
- Use the output cards to understand the “headline” result, then review the breakdown/table for details.
Limitations & important notes
Loan offers depend on lender terms, fees, and underwriting. Use this as a planning tool and confirm details with your lender.
For the most accurate outcome, confirm assumptions (rates, fees, coverage details, and thresholds) against current official sources or provider documents. We’ll continue improving the underlying reference datasets over time.
Practical guidance for Line of Credit Calculator
When a line of credit makes sense
A line of credit is typically used for working capital: inventory, payroll timing gaps, or short-term expenses. Unlike a term loan, you may only pay interest on the amount you actually draw.
This calculator helps you estimate interest cost based on utilization and rate, so you can understand the true cost of using the line during slow periods or growth spurts.
Practical planning tips
- Model average utilization over time (not just the max draw).
- Watch for annual fees and draw fees that increase effective cost.
- Use the line for short-term needs, not long-term structural deficits.
- Plan a payoff path: how and when you’ll reduce the balance.
Line of Credit FAQ
Why might my balance never pay off?
If your payment is less than or equal to monthly interest, the balance won’t decrease (or may grow).
What does APR mean for a line of credit?
APR is the annualized interest rate. Interest is often applied monthly on the outstanding balance.
Does a LOC usually have fees?
Some lines include annual fees, draw fees, or minimum interest charges. Check your agreement.
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