FREE CALCULATOR · HOME EQUITY
HELOC payment
Compare interest-only, repayment, and higher-rate scenarios.
Illustrative interest-only payment$500
- Amortizing repayment / month
- $627
- Interest-only at 10%
- $625
- Repayment at 10%
- $724
An interest-only payment does not reduce your drawn balance.
Interest-only estimate uses balance × annual rate ÷ 12. Repayment assumes the same balance amortizes over the entered term at a constant rate. Actual HELOC minimum payments, variable-rate terms, fees, draw periods, and repayment rules vary. Your home secures the debt. Inputs are calculated in your browser and are not submitted to a lender. “Save my inputs” stores them on this device.