FIND OUT HOW LONG IT WILL TAKE TO PAY OFF YOUR LOAN
Once you have closed your home equity loan or finished the draw period of a home equity line of credit, your monthly payment amount will determine how fast you pay off your debt. This calculator will instantly show you the months to payoff for different loan amounts and monthly payments.
WHY USE OUR HOME EQUITY LOAN PAYOFF CALCULATOR
Before you take on a new loan, it is always a good idea to see if the monthly payment will fit in your budget and safeguard against negative impacts on future plans. Using this calculator will help you see how long it will take to pay off a desired loan amount with your preferred monthly payment.
Please keep in mind that home equity loans and lines of credit generally have a 10-year maximum repayment period, although that can vary by financial institution and your financial condition.
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Don’t forget that Central Willamette can help you tap into the equity in your home with our Home Equity Line of Credit.