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HELOC payment calculator
Estimate the interest-only payment during a HELOC draw period and the monthly payment after repayment begins, using your own balance, rate and terms.
How do HELOC draw and repayment payments work?
Enter the credit limit, current balance, APR, draw period and repayment period. The estimate assumes the balance does not change during the draw period, then uses equal monthly principal-and-interest payments. It is simplified math, not a lender quote.
Frequently asked questions
How do HELOC draw and repayment payments work?
Enter the credit limit, current balance, APR, draw period and repayment period. The estimate assumes the balance does not change during the draw period, then uses equal monthly principal-and-interest payments. It is simplified math, not a lender quote.
Are my HELOC details uploaded?
No. The calculation runs in your browser; entered balances and rates are not sent to a server or saved by this page.
What happens when the HELOC draw period ends?
This estimate switches the entered balance to equal monthly principal-and-interest payments over the repayment term you choose.
Does this include new draws or a changing interest rate?
No. It keeps the balance and APR constant during the draw period. Many HELOCs have variable rates, lender-specific minimums and fees, so actual payments can differ.