HELOC Calculator
Calculate your home equity line of credit (HELOC) payments, available credit, and repayment schedule
HELOC Payment Calculator
Estimate your HELOC payments and available credit based on your home equity
The full HELOC calculator is available on our main calculator page
Go to Main CalculatorHow HELOCs Work
- Draw Period: Access funds as needed, pay interest only
- Variable Rate: Interest rates fluctuate with market conditions
- Repayment Period: Make principal and interest payments
- Flexible Access: Borrow only what you need
HELOC Requirements
- Sufficient home equity (typically 15-20%)
- Good credit score (typically 620+)
- Low debt-to-income ratio
- Proof of income and employment
HELOC Terms
Understanding HELOC payment periods and terms
Draw Period (10-15 years)
During this period, you can access funds and typically only need to make interest payments on the amount borrowed.
Interest-only paymentsRepayment Period (10-20 years)
After the draw period ends, you enter repayment where you pay both principal and interest.
Principal + Interest paymentsHELOC Interest Rates
Variable Rate Structure
HELOC rates are typically tied to the Prime Rate plus a margin
Prime RateVariable
Lender Margin+0.5% to +5%
Your HELOC Rate6% - 12%
Calculate Your HELOC Payment
Use our mortgage calculator to estimate your HELOC payments and available credit.
Start Calculating