HELOC Calculator | Home Equity Line of Credit Estimator
Calculate interest-only payments during the HELOC draw phase, principal + interest payments during the repayment phase, and check borrowing limits.
Draw Phase vs Repayment Phase
Draw (Interest Only): $354/moStaged to:Repayment (P&I): $434/mo
Current CLTV40%
Max Borrowable Limit$200,000
Net Outlay Payout$50,000
Total Loan Cost$148,139
HELOC Details
Closing Costs Configuration
Payment Timeline (Draw vs Repay)
HELOC Payment Shock Risk
HELOCs operate in two phases. In the Draw Period, payments are typically interest-only. In the Repayment Period, you must pay back principal and interest, causing a massive payment shock. Budget accordingly!