HELOC Payment Calculator

How this calculator works

The draw-period figure is one month of interest. The repayment figure amortizes the entered balance over the selected term at a constant rate.

Change one assumption at a time to see which inputs have the greatest effect on the estimate.

Worked example

A variable-rate HELOC can move from a smaller interest-only payment to a substantially larger repayment payment.

Limitations

CFPB explains that HELOCs usually have variable rates and lender-specific minimums, fees, draw rules, and repayment structures. Confirm your agreement. Editorial review is required before publication.

Review this educational estimate against current quotes, official information, and your own budget before making a financial decision.