---

McHenry Savings Bank is proud to offer several custom selected financial tools to help our customers with their financial needs.

Please note that these tools are provided as an estimate only. They are not binding or to be used as a replacement for true financial advisement. McHenry Savings Bank welcomes you to make an appointment to discuss any financial questions. Please call us at 815-385-3000.

 

Fixed Vs. Minimum Payment Calculator
This calculator will show you how much interest you will end up paying if you choose to make the minimum monthly payments, or if you choose to make fixed monthly payments.
Enter principal balance owed ($):
Enter your credit card's annual interest rate (%):
Minimum payment percentage:	1.5% 2% 2.5% 3% 3.5% 4% 4.5% 5%
Fixed payment amount you could afford each month ($):
Results
Number of months making payments:
Number of years to pay off existing balance:
Interest paid:
Principal paid:
Longer term payment schedules make take 30 seconds or more to appear on your screen.

 

Click HERE to go back to our Tools List.