HELOC Payment Calculator
Analyze your Home Equity Line of Credit with comprehensive payment projections
Property Information
HELOC Terms
Fees & Costs
Draw Period Payment
$313/month
Interest-only payments for 10 years
Repayment Period Payment
$418/month
Principal + interest for 20 years
Payment Shock
+$106
33.8%% increase when repayment begins
Available Equity
$200,000
Combined LTV
70.0%
Risk Assessment
Low Risk
Total Interest Cost
$87,873
Over life of HELOC
Understanding HELOCs: Key Facts
2
Phases: Draw & Repayment
85%
Typical Max LTV Ratio
Variable
Interest Rate Type
30
Total Years (10+20)
A HELOC provides flexible access to your home's equity through a revolving credit line. During the draw period, you typically make interest-only payments, but be prepared for significantly higher payments when the repayment period begins. Use this calculator to understand the full financial impact and plan accordingly.