HELOC Amortization Calculator
Visualize how your payments change from interest-only to principal repayment.
Calculator Inputs
$
%
Expert Tips for Smart Borrowing
🏁Pro Tip
Spot the 'Turning Point'
Look at the schedule to find the month where your principal payment exceeds your interest payment. It's often halfway through the loan term!
🗓️Pro Tip
Attack the Early Years
Extra payments made in the first 5 years have a HUGE impact because they stop interest from compounding for decades.
📋Pro Tip
Copy to Excel
Use this schedule to plan your cash flow. If you know payment #121 jumps to $800, put it in your long-term budget now.
📆Pro Tip
Year 11 Shock
mark the date where the draw period ends on your long-term calendar. The payment jump takes most people by surprise.
Frequently Asked Questions
It is a table showing every payment over the life of your loan. It breaks down how much of each payment goes toward interest versus principal, and shows your remaining balance after each payment.
This is normal for amortized loans. In the early years, your balance is high, so most of the payment goes to interest. As the balance drops, less interest is charged, and more of your payment goes to principal.
Yes. If you select 'Interest Only' for the draw period, the schedule will show 10 years of small interest payments followed by 20 years of larger principal + interest payments.
Adding just $100/month to the principal can cut years off your loan term. You can see the exact impact by checking the 'Extra Payment' columns in the schedule.
Yes. While this tool isn't an official tax document (wait for your lender's Form 1098), it provides a good estimate of your annual interest paid for tax deduction planning.