HelocLab

HELOC Payment Calculator

A free HELOC calculator that answers the three questions in order: how big a line your equity supports, what a draw costs per month while the line is interest-only, and what the payment becomes when the draw period ends and the balance amortizes. Drawing $50,000 at 8.5% costs $354.17 a month in interest; the same balance repaid over 15 years costs $492.37 a month. HELOC rates are variable, so every figure holds the rate you enter constant and is a planning estimate — not a credit decision, an offer of credit, or financial advice.