🏠 HELOC Payment Calculator

Calculate your home equity line of credit payments and understand your borrowing costs

Example Scenarios

Choose an example scenario to see how different HELOC situations affect payments:

Select a scenario above to see their HELOC payment breakdown.

HELOC Parameters

HELOC Amount ($)

Total amount borrowed from HELOC

Interest Rate (%)

Annual percentage rate (APR)

Draw Period (Years)

Period when you can borrow and make interest-only payments

Repayment Period (Years)

Period to fully repay the loan after draw period

Monthly Payment During Draw ($)

Optional: Additional monthly payment during draw period

Property Value ($)

Current market value of your property

Existing Mortgage Balance ($)

Current balance on your first mortgage

Projection Years

Number of years to project payments

Show detailed amortization schedule

Your settings are automatically saved to the URL

Your HELOC Payment Summary

Based on your HELOC of 50,000 at 7.5%, your interest-only payment during the draw period is 312.50 per month.

Draw Period

For 10 years, you'll pay only interest of 312.50 monthly. Total interest paid: 37,500.

Repayment Period

After the draw period, you'll pay 0 monthly for 20 years to fully repay the loan.

Total Cost

Total interest paid: 0. Total payments: 0. Your equity utilization is 0%.

Property Equity

Your property is worth 400,000 with 0 in available equity. Current utilization: 0%.

How HELOC Payments Work

During the draw period of 10 years, you pay only interest on the amount borrowed. After the draw period ends, you must repay the principal over the repayment period of 20 years. Your monthly payment will increase from 312.50 to 0 when the repayment period begins.

Payment Schedule

Detailed Payment Schedule

Year	Period	Payment Type	Annual Principal	Annual Interest	Annual Total	Year-End Balance