HELOC Calculator is an useful tool to calculate the monthly payments for home equity line of credit based on the HELOC balance, interest rate, interest-only period, and repayment period. The home equity line of credit calculator is useful for homeowners to calculate the costs of getting a HELOC loan.
HELOC Loan Calculator |
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| $120,000.00 | ||||||
| $745.00 for 60 payments $2,401.70 for 60 payments |
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| 5 years | ||||||
| 10 years | ||||||
| 120 | ||||||
| May, 2025 | ||||||
| Apr, 2035 | ||||||
| $68,802.26 | ||||||
| $188,802.26 | ||||||
HELOC Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| May, 2025 | 1 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2025 | 2 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2025 | 3 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2025 | 4 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2025 | 5 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2025 | 6 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2025 | 7 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2025 | 8 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2026 | 9 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2026 | 10 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2026 | 11 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2026 | 12 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2026 | 13 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2026 | 14 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2026 | 15 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2026 | 16 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2026 | 17 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2026 | 18 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2026 | 19 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2026 | 20 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2027 | 21 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2027 | 22 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2027 | 23 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2027 | 24 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2027 | 25 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2027 | 26 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2027 | 27 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2027 | 28 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2027 | 29 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2027 | 30 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2027 | 31 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2027 | 32 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2028 | 33 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2028 | 34 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2028 | 35 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2028 | 36 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2028 | 37 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2028 | 38 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2028 | 39 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2028 | 40 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2028 | 41 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2028 | 42 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2028 | 43 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2028 | 44 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2029 | 45 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2029 | 46 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2029 | 47 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2029 | 48 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2029 | 49 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2029 | 50 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2029 | 51 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2029 | 52 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2029 | 53 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2029 | 54 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2029 | 55 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2029 | 56 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2030 | 57 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2030 | 58 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2030 | 59 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2030 | 60 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2030 | 61 | $745.00 | $1,656.70 | $2,401.70 | $118,343.30 | |
| Jun, 2030 | 62 | $734.71 | $1,666.99 | $2,401.70 | $116,676.31 | |
| Jul, 2030 | 63 | $724.37 | $1,677.33 | $2,401.70 | $114,998.98 | |
| Aug, 2030 | 64 | $713.95 | $1,687.75 | $2,401.70 | $113,311.23 | |
| Sep, 2030 | 65 | $703.47 | $1,698.23 | $2,401.70 | $111,613.00 | |
| Oct, 2030 | 66 | $692.93 | $1,708.77 | $2,401.70 | $109,904.23 | |
| Nov, 2030 | 67 | $682.32 | $1,719.38 | $2,401.70 | $108,184.85 | |
| Dec, 2030 | 68 | $671.65 | $1,730.05 | $2,401.70 | $106,454.80 | |
| Jan, 2031 | 69 | $660.91 | $1,740.79 | $2,401.70 | $104,714.01 | |
| Feb, 2031 | 70 | $650.10 | $1,751.60 | $2,401.70 | $102,962.41 | |
| Mar, 2031 | 71 | $639.22 | $1,762.48 | $2,401.70 | $101,199.93 | |
| Apr, 2031 | 72 | $628.28 | $1,773.42 | $2,401.70 | $99,426.51 | |
| May, 2031 | 73 | $617.27 | $1,784.43 | $2,401.70 | $97,642.08 | |
| Jun, 2031 | 74 | $606.19 | $1,795.51 | $2,401.70 | $95,846.57 | |
| Jul, 2031 | 75 | $595.05 | $1,806.65 | $2,401.70 | $94,039.92 | |
| Aug, 2031 | 76 | $583.83 | $1,817.87 | $2,401.70 | $92,222.05 | |
| Sep, 2031 | 77 | $572.55 | $1,829.15 | $2,401.70 | $90,392.90 | |
| Oct, 2031 | 78 | $561.19 | $1,840.51 | $2,401.70 | $88,552.39 | |
| Nov, 2031 | 79 | $549.76 | $1,851.94 | $2,401.70 | $86,700.45 | |
| Dec, 2031 | 80 | $538.27 | $1,863.43 | $2,401.70 | $84,837.02 | |
| Jan, 2032 | 81 | $526.70 | $1,875.00 | $2,401.70 | $82,962.02 | |
| Feb, 2032 | 82 | $515.06 | $1,886.64 | $2,401.70 | $81,075.38 | |
| Mar, 2032 | 83 | $503.34 | $1,898.36 | $2,401.70 | $79,177.02 | |
| Apr, 2032 | 84 | $491.56 | $1,910.14 | $2,401.70 | $77,266.88 | |
| May, 2032 | 85 | $479.70 | $1,922.00 | $2,401.70 | $75,344.88 | |
| Jun, 2032 | 86 | $467.77 | $1,933.93 | $2,401.70 | $73,410.95 | |
| Jul, 2032 | 87 | $455.76 | $1,945.94 | $2,401.70 | $71,465.01 | |
| Aug, 2032 | 88 | $443.68 | $1,958.02 | $2,401.70 | $69,506.99 | |
| Sep, 2032 | 89 | $431.52 | $1,970.18 | $2,401.70 | $67,536.81 | |
| Oct, 2032 | 90 | $419.29 | $1,982.41 | $2,401.70 | $65,554.40 | |
| Nov, 2032 | 91 | $406.98 | $1,994.72 | $2,401.70 | $63,559.68 | |
| Dec, 2032 | 92 | $394.60 | $2,007.10 | $2,401.70 | $61,552.58 | |
| Jan, 2033 | 93 | $382.14 | $2,019.56 | $2,401.70 | $59,533.02 | |
| Feb, 2033 | 94 | $369.60 | $2,032.10 | $2,401.70 | $57,500.92 | |
| Mar, 2033 | 95 | $356.98 | $2,044.72 | $2,401.70 | $55,456.20 | |
| Apr, 2033 | 96 | $344.29 | $2,057.41 | $2,401.70 | $53,398.79 | |
| May, 2033 | 97 | $331.52 | $2,070.18 | $2,401.70 | $51,328.61 | |
| Jun, 2033 | 98 | $318.67 | $2,083.03 | $2,401.70 | $49,245.58 | |
| Jul, 2033 | 99 | $305.73 | $2,095.97 | $2,401.70 | $47,149.61 | |
| Aug, 2033 | 100 | $292.72 | $2,108.98 | $2,401.70 | $45,040.63 | |
| Sep, 2033 | 101 | $279.63 | $2,122.07 | $2,401.70 | $42,918.56 | |
| Oct, 2033 | 102 | $266.45 | $2,135.25 | $2,401.70 | $40,783.31 | |
| Nov, 2033 | 103 | $253.20 | $2,148.50 | $2,401.70 | $38,634.81 | |
| Dec, 2033 | 104 | $239.86 | $2,161.84 | $2,401.70 | $36,472.97 | |
| Jan, 2034 | 105 | $226.44 | $2,175.26 | $2,401.70 | $34,297.71 | |
| Feb, 2034 | 106 | $212.93 | $2,188.77 | $2,401.70 | $32,108.94 | |
| Mar, 2034 | 107 | $199.34 | $2,202.36 | $2,401.70 | $29,906.58 | |
| Apr, 2034 | 108 | $185.67 | $2,216.03 | $2,401.70 | $27,690.55 | |
| May, 2034 | 109 | $171.91 | $2,229.79 | $2,401.70 | $25,460.76 | |
| Jun, 2034 | 110 | $158.07 | $2,243.63 | $2,401.70 | $23,217.13 | |
| Jul, 2034 | 111 | $144.14 | $2,257.56 | $2,401.70 | $20,959.57 | |
| Aug, 2034 | 112 | $130.12 | $2,271.58 | $2,401.70 | $18,687.99 | |
| Sep, 2034 | 113 | $116.02 | $2,285.68 | $2,401.70 | $16,402.31 | |
| Oct, 2034 | 114 | $101.83 | $2,299.87 | $2,401.70 | $14,102.44 | |
| Nov, 2034 | 115 | $87.55 | $2,314.15 | $2,401.70 | $11,788.29 | |
| Dec, 2034 | 116 | $73.19 | $2,328.51 | $2,401.70 | $9,459.78 | |
| Jan, 2035 | 117 | $58.73 | $2,342.97 | $2,401.70 | $7,116.81 | |
| Feb, 2035 | 118 | $44.18 | $2,357.52 | $2,401.70 | $4,759.29 | |
| Mar, 2035 | 119 | $29.55 | $2,372.15 | $2,401.70 | $2,387.14 | |
| Apr, 2035 | 120 | $14.82 | $2,387.14 | $2,401.96 | $0.00 | |
A HELOC, or home equity line of credit, is a credit line that a borrower gets from a lender using his home equity as collateral. HELOC is a secured loan against a homeowner's home. If the borrower fails to make payments, he risks losing his home.
The main difference between HELOC and a home equity loan is that HELOC acts like a credit card where the borrower is given a credit line, and he is only required to pay interest on the amount that he uses. A home equity loan on the other hand is just like any other loan, the borrower gets a lump sum from a lender and then the borrower pays back in monthly payments. Most home equity loans have fixed rates whereas HELOCs have variable rates.
How much you can borrow depends on the home equity you have in your home. Most lenders allow borrowers to borrow up to 80-90% of their home equity.