HELOC Calculator
Estimate your available home equity line of credit and project monthly payments during the draw and repayment periods. Enter your home value, mortgage balance, and HELOC terms to see how much you can borrow and what it will cost.
Inputs
$
$
%
Most lenders cap at 80-85% combined LTV
$
%
Results
Max Available Credit
$132,500
Interest-Only Payment
$354
During draw period
Full Payment
$434
During repayment
Total Interest
$96,639
Monthly Payment by Phase
Balance Over Time
Year-by-Year Breakdown
| Year | Phase | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 2 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 3 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 4 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 5 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 6 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 7 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 8 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 9 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 10 | Draw | $354.17 | $4,250.00 | $0.00 | $50,000.00 |
| 11 | Repayment | $433.91 | $4,211.82 | $995.11 | $49,004.89 |
| 12 | Repayment | $433.91 | $4,123.87 | $1,083.07 | $47,921.81 |
Frequently Asked Questions
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