Draw vs repayment payment estimator
During the draw period you pay interest only on what you have borrowed. When repayment begins, the same balance converts to a fully amortized payment — often a significant jump. Enter your balance, APR, and repayment term below to see both figures side by side.
| Period | Monthly payment |
|---|---|
| Draw period (interest-only) | $333 |
| Repayment period (amortized over 240 mo) | $418 |
Payment increase at repayment: $85/mo (25%)
Illustrative estimate only — not an offer to lend. Rates are variable and your actual draw-period length depends on your lender's terms.