HELOC Calculator — Home Equity Line of Credit Payments

Calculate monthly payments for your Home Equity Line of Credit during draw and repayment periods.

HELOC Details

HELOC Credit Limit ($)

Amount Drawn ($)

Current Interest Rate (%/year)

Period Details

Draw Period (years)

Repayment Period (years)

Draw Period Payment Type

Results

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Draw Period Payment

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Repayment Payment

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Total Interest

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Total Paid

Draw Period

Duration—

Monthly Payment—

Interest Paid This Phase—

Balance at End of Draw—

Repayment Period

Duration—

Monthly Payment—

Interest Paid This Phase—

Balance at End—

HELOCs typically have variable rates (Prime + margin). Rates can change monthly. This calculator assumes a fixed rate for illustration. If your rate adjusts, recalculate using the new rate. Interest-only payments during the draw period keep payments low but leave the full balance for repayment.