Mortgage 101 - Credit Card Min. Payment Interest Calculator
   
 

This calculator will show you how much interest you will end up paying if you make only the minimum
required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).

Instructions: Somewhere in your credit card disclosure statement the card company will tell you
something like "your minimum payment will be 2% of the balance or $10, whichever is higher. These are
the figures you will enter in Column C and Column D respectively.

Dollar
Amount
Charged
Annual
Interest
Rate
C
Minimum
Payment
Percent
D
Minimum
Minimum
Payment
Interest
Charges
Number of
Paymts
Total #
of Years
Copyright © 1997-2007 Web Winder Site Traffic Magnets. All rights reserved.

My mortgage team and I remain up-to-date with the various mortgage rates, options,  loan choices and alternatives and is an invaluable resource for any home buyer or home owner who is considering refinance.

We are committed to providing you with mortgage services that exceed your expectations.


  I'm Ready To Get Started...

Name *
Address
City
State
Zip *
E-mail Address: *
Phone
Type of Financing
Special requirements or additional comments

* Required Powered by myContactForm.com


   

    Loan Calculators

Loan Categories

Mortgage Insurance

Best Rate For Me?

How To Qualify For A Home Loan

Should I lock The Rate?

The Best Time To Refinance?

If I Am Turned Down For A Loan?

What Is A Buy-Down

Adjustable Rate Mortgage

Understanding APR
 
 
 Suggestions/Feedback?

Home | Mortgage | Selling? | Buying? | Credit Issues? | Join Our Team | Newsletter | About Me | Contact | Sitemap

 Copyright © 2007 Scott Ivey. All rights reserved.
 
This calculator is designed to be an informational and educational tool only, and when used alone, does not constitute investment, financial, or tax advice. We strongly recommend that you seek the advice of a professional before making any type of financial decisions. We also encourage you to review your investment strategy periodically as your financial circumstances and the tax laws change. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual performance of your own investments. We are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this calculator. Do NOT rely on the results from this calculator to make financial decisions. Interest rates vary and the tax laws change regularly. Please contact us for assistance with your specific concerns.