The Baby Boomers Retirement Club (BBRC) - Loan Payoff : Calculator: Loan Payoff

Borrowing money can be an expensive proposition. Even at relatively low interest rates, you may be surprised at the amount of interest you pay over the life of a loan. This calculator is designed to help you estimate the true cost of that loan you may be considering.

1. How much do you plan to borrow?	^$
2. What interest rate do you expect to pay on this loan?	%
3. What is the term of the loan (for how long will you be borrowing the money)? Enter in months; e.g., 360 for a 30-year loan.
4. What is your federal marginal tax bracket?