It’s been about a year since the last time Americans were allowed to borrow money from banks.
But the deadline to start paying off loans is now.
The federal government has created a new loan interest calculator to help consumers get an idea of how much they might be paying on a loan.
The government also says that people who are looking to refinance their mortgage can access the calculator through the Federal Reserve Bank of St. Louis website, and the calculator will show the average monthly payments on loans for people making between $100,000 and $250,000.
The calculator will also provide a look at what the average repayment is for people with less than $200,000 in monthly payments.
The calculator, which is not yet live, can be accessed by clicking here.
The deadline to get a loan is March 5, 2018.
The site says that the calculator does not include any loans with a term of more than 12 months.