Legacy Lending
Explore revolving credit payments. Choose the amount, term, and date for each draw.
First six months interest-only payment with each draw.
Unused line fee: 0.50% annually on unused credit, calculated daily and totaled monthly. Waived on days at least 50% of the line is drawn.
Estimated principal, interest, and unused line fee. Daily unused fees are totaled for each calendar month.
| Month | New draws | Principal | Interest | Unused fee | Total payment | Ending balance | Available to draw |
|---|
Closing daily balances determine the fee; fractional cents are rounded once at monthly billing.
| Date | Closing drawn | Available to draw | Unused fee / day | Fee status |
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Payoff on the selected date: 2.00% penalty in year 1, 1.00% in year 2, none thereafter, measured from each draw’s funding date.
| Draw | Principal payoff | Accrued interest | Penalty rate | Penalty | Payoff estimate |
|---|
Assumes payments due through that date were paid. Excludes that day’s scheduled payment, unpaid facility fees, and other amounts owed. This estimate does not change the schedule; scheduled principal has no prepayment penalty.
Unused fee: 0.50% annually × unused credit ÷ 365, calculated on each day’s closing balance and totaled monthly. Fractional cents are rounded once at month-end. Waived when at least 50% of the credit limit is drawn. Below 50%, the fee applies to all undrawn availability, including days with no outstanding principal.
Payments: Each draw has its own term and six monthly interest-only payments, followed by equal principal over 30, 42, 54, or 66 months plus declining interest. Interest uses actual days ÷ 365, including leap years. Anniversary due dates cap at month-end. Principal rounds down to cents with a final-payment adjustment; interest rounds at each payment. Annual interest rates exclude fees.
Calculation period: Starts on the first draw date and includes the final scheduled repayment day. The model assumes closure after that day. An open facility continues to accrue the unused fee whenever usage is below 50%, including at zero outstanding. Add a draw to calculate a schedule.
Availability: Draws are tested before same-day payments; repaid principal supports a new draw the following day. Scheduled payments are assumed paid on time. Available credit replenishes as principal is repaid.
Illustrative estimates only. This calculator does not create an offer, approval, commitment to lend, or funding request. Any actual financing, pricing, and payment collection dates require separate approval and executed loan documents.