HELOC Payment Calculator

Home Equity Line of Credit Calculator

Estimate your HELOC payments during both draw and repayment periods

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Enter your HELOC details and click "Calculate HELOC Payments" to see your estimated payments and amortization schedule.

About Home Equity Lines of Credit

A Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home's equity. Unlike a traditional home equity loan, a HELOC allows you to borrow only what you need, when you need it, during the draw period.

Draw Period: During the draw period (typically 5-10 years), you can borrow from your credit line as needed, and you'll usually make interest-only payments on the amount you've borrowed.

Repayment Period: After the draw period ends, you enter the repayment period (typically 10-20 years), during which you can no longer borrow funds and must repay both principal and interest.

Note: This calculator provides estimates based on the information you enter. Actual HELOC terms may vary by lender. The calculator assumes you borrow the full amount at the beginning of the draw period and make interest-only payments during the draw period.

 

The HELOC Payment Calculator takes the guesswork out of home equity borrowing. Enter your loan details once and get a complete picture of what you’ll pay — month by month, period by period — across the full life of your credit line.

  • Interest-only draw period payments — calculates what you owe each month while you’re still borrowing, covering draw periods from 5 to 10 years, so you know exactly how manageable the early phase will be
  • Full repayment period payments — switches to principal plus interest once your draw period closes, showing your new monthly obligation across repayment terms up to 20 years
  • Total cost summary — breaks down total principal, total interest, and the complete loan cost side by side so you can see the full financial picture before you sign anything
  • Payment schedule chart — visualizes how your monthly payment changes as you move from the draw phase into repayment, making it easy to spot what’s coming and plan ahead
  • Amortization summary table — lays out each period’s monthly payment, cumulative payments made, principal paid down, and interest paid, all in one structured table
  • Slider and input controls — adjust loan amount, APR, draw period, and repayment period using either typed values or sliders, making it fast to compare different borrowing scenarios
  • Free with no registration — works instantly on any device without an account, a download, or a fee

How to Use the HELOC Payment Calculator

Enter your loan amount, interest rate (APR), draw period length, and repayment period length using the input fields or sliders. Click “Calculate HELOC Payments” to instantly generate your draw period payment, repayment period payment, total interest, total cost, a payment schedule chart, and a full amortization table.

About Home Equity Lines of Credit

A HELOC is a revolving credit line secured by your home’s equity. During the draw period — typically 5 to 10 years — you borrow what you need and make interest-only payments. Once the draw period ends, you enter the repayment period — typically 10 to 20 years — where you can no longer draw funds and must repay both principal and interest each month. This calculator assumes the full loan amount is borrowed at the start and that draw-period payments cover interest only. Actual terms will vary by lender.

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