Calculate payments on a Home Equity Line of Credit. See interest-only draw period payments and full P&I repayment costs.
Home & Equity
$
$
%
$
Mortgage OwedAvailable Equity
$250,000$250,000
HELOC Terms
YRS
YRS
%
%
Draw Period Payment
$531
Interest-only / month
Repayment Period Payment
$675
P&I / month
Available Equity
$250,000
Max Credit Line
$175,000
Your Draw
$75,000
Total Interest
$150,701
Total Cost
$225,701
Total Term
30 years
Payment Jump Warning
When the draw period ends, your payment increases from $531 (interest-only) to $675 (full P&I) - a 27% increase. Plan accordingly.
Period
#
Payment
Principal
Interest
Balance
Draw
1
$531
$0
$531
$75,000
Draw
13
$531
$0
$531
$75,000
Draw
25
$531
$0
$531
$75,000
Draw
37
$531
$0
$531
$75,000
Draw
49
$531
$0
$531
$75,000
Draw
61
$531
$0
$531
$75,000
Draw
73
$531
$0
$531
$75,000
Draw
85
$531
$0
$531
$75,000
Draw
97
$531
$0
$531
$75,000
Draw
109
$531
$0
$531
$75,000
Repayment
121
$675
$112
$563
$74,888
Repayment
133
$675
$123
$552
$73,473
Repayment
145
$675
$134
$540
$71,925
Repayment
157
$675
$147
$528
$70,232
Repayment
169
$675
$161
$514
$68,380
Repayment
181
$675
$176
$499
$66,354
Repayment
193
$675
$192
$482
$64,139
Repayment
205
$675
$210
$464
$61,716
Repayment
217
$675
$230
$445
$59,065
Repayment
229
$675
$252
$423
$56,165
Repayment
241
$675
$275
$400
$52,994
Repayment
253
$675
$301
$374
$49,525
Repayment
265
$675
$329
$345
$45,731
Repayment
277
$675
$360
$315
$41,581
Repayment
289
$675
$394
$281
$37,041
Repayment
301
$675
$431
$244
$32,076
Repayment
313
$675
$471
$203
$26,645
Repayment
325
$675
$516
$159
$20,704
Repayment
337
$675
$564
$111
$14,207
Repayment
349
$675
$617
$58
$7,099
Estimation Only: Results from the HELOC Calculator are for informational and educational purposes only. They do not constitute financial, tax, mortgage, or legal advice. Actual payments, rates, taxes, and insurance will vary. Always consult a licensed financial professional before making any financial decisions. No personal data is transmitted by this calculator.