Home Equity Line Payment Calculator

Calculate your HELOC monthly payment in seconds. See your interest-only payments and full repayment schedule.

Calculator Inputs

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How to Use This HELOC Calculator

This calculator helps you estimate your monthly payments for a Home Equity Line of Credit (HELOC). Simply enter your credit line amount, current interest rate, and the length of your draw and repayment periods.

Understanding Your Results

  • Interest-Only Payment: This is what you will pay each month during the "Draw Period" (usually the first 10 years). You are only paying interest on the money you have actually borrowed.
  • Repayment Monthly Payment: This is the estimated payment after the draw period ends. It includes both principal and interest to pay off the loan balance by the end of the term.

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What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home's equity. Unlike a standard loan, you can borrow, repay, and borrow again during the draw period.

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