Strike Line of Credit
$1,100
Annual interest on drawn amount
Only pay interest on what you draw.
Daily rate: $3.01/day
No due date on principal. Repay anytime.
Saving $3,575 vs fixed loan
Fixed 12-Month Loan
$4,675
Annual interest on full principal
Interest on full credit limit from day one.
Committed upfront, repay or refinance in 12 months.
Assumes borrowing the full credit limit of $42,500