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Home & MortgageHome Equity
HELOC Payment Calculator
Calculate your HELOC monthly payment in both the draw period and repayment period.
HELOC Payment Details
$450,000
$
$300,000
$
$50,000
$
8.5%
%
10
Results
LiveMonthly Interest Payment
$354
Annual Interest Cost$4,250
Available Equity$82,500
Combined LTV After HELOC77.8%
Monthly Interest Payment$354
Annual Interest Cost$4,250
Available Equity$82,500
How to use
Change one assumption at a time to see what moves the answer most.
Frequently Asked Questions
Everything you need to know.
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Why This Matters
HELOCs have two phases: a draw period (typically 10 years, interest-only payments) and a repayment period (10–20 years, principal + interest). The payment jump at the start of repayment surprises many homeowners. Run the numbers first.
How to Use It
- 1Enter your HELOC balance and interest rate
- 2Set draw period and repayment period lengths
- 3See interest-only payment during draw vs full payment at repayment
- 4Plan for the payment increase before it hits
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