HELOC Payment Calculator

Estimate interest-only draw-period payments and principal-and-interest repayment payments for a home equity line of credit.

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HELOC Assumptions

Outstanding HELOC Balance ($)Annual Interest Rate (%)Draw Period (Years)Repayment Period (Years)

Estimated Payments

Interest-Only Monthly Payment: $354.17

Repayment-Period Monthly Payment: $492.37

Monthly Payment Increase: $138.20

Estimated Draw-Period Interest: $42,500.00

Estimated Repayment-Period Interest: $38,626.56

Assumes the full balance remains outstanding during the draw period, no further borrowing, and a constant interest rate. Actual HELOC rates are often variable, and lenders may require different minimum payments or balloon payments.