Download our free Home Equity Line of Credit Calculator to help you estimate payments needed to pay off your debt. I generally do not advocate getting a home equity line of credit, but if you already have one, the Line of Credit Calculator spreadsheet may help. It is much more powerful and flexible than most HELOC interest rates calculators. Although meant for use as  HELOC calculator, it is design to simulate a general revolving line of credit.

### Line of Credit

This spreadsheet creates an estimate payment schedule for a revolving line of credit with variable or fixed interest rate, daily interest accrual, and fixed draw period.

Features:

• Additional Payments: You can also enter additional payments and indicate whether they are principal only payments.
• Multiple payment options: Select from Amortized, Minimum, Interest-Only, or Fixed Payment options available.
• Variable Rate Simulation: Set rate change to 0 for a fixed rate or choose the random rate change option.

## Using the Line of Credit Calculator

There are many assumptions and simplifications built into home equity line of credit calculator. So don’t expect the amounts to match exactly with your bank. Due to complexity of the spreadsheet, it wouldn’t surprise me if the spreadsheet contains errors. Don’t expect the calculations to match exactly TD Line of Credit.

Tracking Payments: You can manually enter Payment Date, Interest Rate, and Payment within the table if you want to track your actual payments, by overwriting the formulas. So, If you do that, you should probably highlight those cells so that you can identify that they no longer contain formulas.

Variable Rate Simulation: This feature of calculator is not meant to try to predict future rates. Rather, it is design to help you simulate what might happen if rates increase or fall.

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Instruction :

All Excel templates and tools are sole property of xlsxtemplates.com. User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from PPTXTemplates.com  Completely Free. All our templates are designed by Professionals

Line of Credit Calculator Template

### Insurance Quote

Introduction: Streamlining Insurance Quotations An insurance quote is a vital document in the insurance industry, serving as a preliminary estimate of premiums for potential clients.

### Freelance Quotation

Introduction: Mastering Freelance Quotations In the world of freelancing, creating an effective quotation is crucial for outlining the scope and cost of your services to

### Fencing Quotation

Introduction: Navigating Fencing Service Quotations A fencing service quotation is an essential tool for businesses in the fencing industry. It provides potential clients with a

### Event Planning Quotations

Introduction: Excelling with Event Planning Quotations An event planning quote is a critical document for event planners, detailing proposed services and costs for organizing an

### Construction Quote

Introduction: Optimizing Construction Quotations A construction quote is a fundamental document in the construction industry, serving as a formal proposal of costs for construction services

### Cleaning Quote

Introduction: Perfecting Cleaning Service Quotations Creating an effective cleaning service quotation is crucial in the cleaning business. It serves as a formal proposal outlining the