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?

 
   
   
Mike Brooks and Associates, Inc.
201 East Stephen Foster Avenue • Bardstown, KY • 40004
Phone: (502) 348-8065 • Fax: (502) 348-9839
• mbrooks@mikebrooksandassociates.com

Securities offered through The Investment Center, Inc.  Bedminster, NJ Member FINRA/SIPC.  Advisory Services Provided Through IC Advisory Services, Inc.- A Registered Investment Advisor.  Michael Brooks and Valerie Downs are registered representatives of The Investment Center, Inc.  Mike Brooks and Associates, Inc. is not affiliated with The Investment Center, Inc. or IC Advisory Services, Inc. 

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