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Loan Calculators

Loan Calculators

Estimate payments and plan ahead

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Calculate how loans can help you to achieve what
you want

There are many different loan types out there. From car loans, student loans, home mortgages, personal loans, and more. Loans can be a great tool to help you responsibly finance a need or want. Every loan comes with different terms, and it is important to do your research before taking out a loan of any kind. Financing a loan affects your credit report, and while on-time loan repayment can improve your credit score, missing loan payments or defaulting on a loan can damage it leading to a bad credit rating.1

Loan Payment Calculators and More

TDECU is here to support our credit union Members in any way we can. We provide educational tools and resources such as loan calculators so our Members can make informed decisions when applying for any loan. 

Our loan payoff calculator can help you determine how long it will take to pay off your total loan balance based on the amount of your loan and the interest rate you qualify for. If you have good credit, you will likely be eligible for lower interest rates, which can help keep your payments low.

You can also use our simple loan calculator to calculate your monthly payment. This is particularly useful for any loan, such as a mortgage payment. Choosing a loan with a regular monthly payment amount you can afford is very important so you do not fall behind on your payments.

We also offer calculators to help you understand how much faster you may be able to pay off your loan with extra payments. This is highly beneficial for amortizing loans where you pay off both principal and interest payments, such as home and car loans. 

Our debt consolidation calculator can help determine if a consolidation loan is right for you. Debt consolidation can be helpful when you have high interest on credit cards or other loan payments. Often a consolidation loan offers a lower fixed rate that can help you get out of debt sooner.

1Our financial calculators are provided as a free service to our Members. The information these calculators supply is from various sources based on calculations we believe to be reliable (but are not guaranteed, explicit, or implied) regarding their accuracy or applicability to your specific circumstances. All examples are hypothetical and illustrative and do not intend to provide investment advice. TDECU does not accept any liability for loss or damage whatsoever, which may be attributable to the reliance on and use of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU recommends finding a qualified professional for advice about your personal finance issues.