HELOC Payment Calculator
Know your numbers before you tap your home’s equity.
Use our free HELOC payment calculator to estimate what your monthly payments could look like — just enter your credit line, interest rate, and draw amount.
Whether you’re renovating, consolidating higher-rate debt, or covering a major expense, you’ll get a clear estimate of what borrowing against your equity could cost before you commit. Keep in mind a HELOC typically carries a variable rate, so your actual payments may change over time. And note: consolidating other debt into a HELOC secures that balance against your home.
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HELOC Payment Calculator
Estimated monthly payment
$0
Interest-only, during the draw period
Illustrative estimate assuming a 20-year repayment term at the same rate. Your payment will rise once the draw period ends and you begin repaying principal.
* LTV limits may vary by lender.
* Minimum 20% equity required in most cases.
This calculator estimates the monthly payment during the interest-only draw period of a Home Equity Line of Credit (HELOC). After the draw period ends, you will be required to repay both principal and interest, which will result in higher monthly payments. Actual terms, rates, and payment amounts may vary. This tool is for illustrative purposes only and does not constitute a loan offer. Please consult your lender for specific information about repayment obligations.
Compare Home Equity and HELOC Offers
Your estimated payment is just one piece of the puzzle. Rates and terms vary by lender, and finding the right HELOC can save you thousands over time. Compare HELOC rates from our trusted lending partners to find your best fit.
