Free · Finance · Mortgages & Home
HELOC Calculator
Estimate interest-only draw-period and amortizing repayment-period payments for a home-equity line of credit.
- Checked formula
- Private in your browser
- No signup
Result
Your calculation
- Interest-only draw payment
- US$562.50
- Repayment-period payment
- US$760.70
- Interest during remaining draw
- US$33,750.00
- Payment increase at repayment
- US$198.20
HELOC rates are usually variable, and lender rules, minimum payments, fees, and future draws can change the result.
How to use this calculator
- Enter the amount, rate, timing, and fees that apply to your scenario.
- Calculate to compare the periodic result with total cost or growth.
- Change one assumption at a time and confirm current rates or rules before deciding.
Use the result with context
Results are estimates for planning and education. Confirm rates, taxes, fees, and legal requirements with the relevant institution or a qualified professional before making a financial decision.