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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HELOC Balance: |
$120,000.00 | |||||
Monthly Payment: |
$745.00 for 60 payments $2,401.70 for 60 payments |
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Interest Only Terms: |
5 years | |||||
Total Terms: |
10 years | |||||
Total # Of Payments: |
120 | |||||
Start Date: |
Dec, 2024 | |||||
Payoff Date: |
Nov, 2034 | |||||
Total Interest Paid: |
$68,802.26 | |||||
Total Payment: |
$188,802.26 | |||||
HELOC Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Dec, 2024 | 1 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2025 | 2 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2025 | 3 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2025 | 4 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2025 | 5 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2025 | 6 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2025 | 7 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2025 | 8 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2025 | 9 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2025 | 10 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2025 | 11 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2025 | 12 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2025 | 13 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2026 | 14 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2026 | 15 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2026 | 16 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2026 | 17 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2026 | 18 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2026 | 19 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2026 | 20 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2026 | 21 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2026 | 22 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2026 | 23 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2026 | 24 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2026 | 25 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2027 | 26 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2027 | 27 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2027 | 28 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2027 | 29 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2027 | 30 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2027 | 31 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2027 | 32 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2027 | 33 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2027 | 34 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2027 | 35 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2027 | 36 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2027 | 37 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2028 | 38 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2028 | 39 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2028 | 40 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2028 | 41 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2028 | 42 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2028 | 43 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2028 | 44 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2028 | 45 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2028 | 46 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2028 | 47 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2028 | 48 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2028 | 49 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jan, 2029 | 50 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Feb, 2029 | 51 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Mar, 2029 | 52 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Apr, 2029 | 53 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| May, 2029 | 54 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jun, 2029 | 55 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Jul, 2029 | 56 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Aug, 2029 | 57 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Sep, 2029 | 58 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Oct, 2029 | 59 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Nov, 2029 | 60 | $745.00 | $0.00 | $745.00 | $120,000.00 | |
| Dec, 2029 | 61 | $745.00 | $1,656.70 | $2,401.70 | $118,343.30 | |
| Jan, 2030 | 62 | $734.71 | $1,666.99 | $2,401.70 | $116,676.31 | |
| Feb, 2030 | 63 | $724.37 | $1,677.33 | $2,401.70 | $114,998.98 | |
| Mar, 2030 | 64 | $713.95 | $1,687.75 | $2,401.70 | $113,311.23 | |
| Apr, 2030 | 65 | $703.47 | $1,698.23 | $2,401.70 | $111,613.00 | |
| May, 2030 | 66 | $692.93 | $1,708.77 | $2,401.70 | $109,904.23 | |
| Jun, 2030 | 67 | $682.32 | $1,719.38 | $2,401.70 | $108,184.85 | |
| Jul, 2030 | 68 | $671.65 | $1,730.05 | $2,401.70 | $106,454.80 | |
| Aug, 2030 | 69 | $660.91 | $1,740.79 | $2,401.70 | $104,714.01 | |
| Sep, 2030 | 70 | $650.10 | $1,751.60 | $2,401.70 | $102,962.41 | |
| Oct, 2030 | 71 | $639.22 | $1,762.48 | $2,401.70 | $101,199.93 | |
| Nov, 2030 | 72 | $628.28 | $1,773.42 | $2,401.70 | $99,426.51 | |
| Dec, 2030 | 73 | $617.27 | $1,784.43 | $2,401.70 | $97,642.08 | |
| Jan, 2031 | 74 | $606.19 | $1,795.51 | $2,401.70 | $95,846.57 | |
| Feb, 2031 | 75 | $595.05 | $1,806.65 | $2,401.70 | $94,039.92 | |
| Mar, 2031 | 76 | $583.83 | $1,817.87 | $2,401.70 | $92,222.05 | |
| Apr, 2031 | 77 | $572.55 | $1,829.15 | $2,401.70 | $90,392.90 | |
| May, 2031 | 78 | $561.19 | $1,840.51 | $2,401.70 | $88,552.39 | |
| Jun, 2031 | 79 | $549.76 | $1,851.94 | $2,401.70 | $86,700.45 | |
| Jul, 2031 | 80 | $538.27 | $1,863.43 | $2,401.70 | $84,837.02 | |
| Aug, 2031 | 81 | $526.70 | $1,875.00 | $2,401.70 | $82,962.02 | |
| Sep, 2031 | 82 | $515.06 | $1,886.64 | $2,401.70 | $81,075.38 | |
| Oct, 2031 | 83 | $503.34 | $1,898.36 | $2,401.70 | $79,177.02 | |
| Nov, 2031 | 84 | $491.56 | $1,910.14 | $2,401.70 | $77,266.88 | |
| Dec, 2031 | 85 | $479.70 | $1,922.00 | $2,401.70 | $75,344.88 | |
| Jan, 2032 | 86 | $467.77 | $1,933.93 | $2,401.70 | $73,410.95 | |
| Feb, 2032 | 87 | $455.76 | $1,945.94 | $2,401.70 | $71,465.01 | |
| Mar, 2032 | 88 | $443.68 | $1,958.02 | $2,401.70 | $69,506.99 | |
| Apr, 2032 | 89 | $431.52 | $1,970.18 | $2,401.70 | $67,536.81 | |
| May, 2032 | 90 | $419.29 | $1,982.41 | $2,401.70 | $65,554.40 | |
| Jun, 2032 | 91 | $406.98 | $1,994.72 | $2,401.70 | $63,559.68 | |
| Jul, 2032 | 92 | $394.60 | $2,007.10 | $2,401.70 | $61,552.58 | |
| Aug, 2032 | 93 | $382.14 | $2,019.56 | $2,401.70 | $59,533.02 | |
| Sep, 2032 | 94 | $369.60 | $2,032.10 | $2,401.70 | $57,500.92 | |
| Oct, 2032 | 95 | $356.98 | $2,044.72 | $2,401.70 | $55,456.20 | |
| Nov, 2032 | 96 | $344.29 | $2,057.41 | $2,401.70 | $53,398.79 | |
| Dec, 2032 | 97 | $331.52 | $2,070.18 | $2,401.70 | $51,328.61 | |
| Jan, 2033 | 98 | $318.67 | $2,083.03 | $2,401.70 | $49,245.58 | |
| Feb, 2033 | 99 | $305.73 | $2,095.97 | $2,401.70 | $47,149.61 | |
| Mar, 2033 | 100 | $292.72 | $2,108.98 | $2,401.70 | $45,040.63 | |
| Apr, 2033 | 101 | $279.63 | $2,122.07 | $2,401.70 | $42,918.56 | |
| May, 2033 | 102 | $266.45 | $2,135.25 | $2,401.70 | $40,783.31 | |
| Jun, 2033 | 103 | $253.20 | $2,148.50 | $2,401.70 | $38,634.81 | |
| Jul, 2033 | 104 | $239.86 | $2,161.84 | $2,401.70 | $36,472.97 | |
| Aug, 2033 | 105 | $226.44 | $2,175.26 | $2,401.70 | $34,297.71 | |
| Sep, 2033 | 106 | $212.93 | $2,188.77 | $2,401.70 | $32,108.94 | |
| Oct, 2033 | 107 | $199.34 | $2,202.36 | $2,401.70 | $29,906.58 | |
| Nov, 2033 | 108 | $185.67 | $2,216.03 | $2,401.70 | $27,690.55 | |
| Dec, 2033 | 109 | $171.91 | $2,229.79 | $2,401.70 | $25,460.76 | |
| Jan, 2034 | 110 | $158.07 | $2,243.63 | $2,401.70 | $23,217.13 | |
| Feb, 2034 | 111 | $144.14 | $2,257.56 | $2,401.70 | $20,959.57 | |
| Mar, 2034 | 112 | $130.12 | $2,271.58 | $2,401.70 | $18,687.99 | |
| Apr, 2034 | 113 | $116.02 | $2,285.68 | $2,401.70 | $16,402.31 | |
| May, 2034 | 114 | $101.83 | $2,299.87 | $2,401.70 | $14,102.44 | |
| Jun, 2034 | 115 | $87.55 | $2,314.15 | $2,401.70 | $11,788.29 | |
| Jul, 2034 | 116 | $73.19 | $2,328.51 | $2,401.70 | $9,459.78 | |
| Aug, 2034 | 117 | $58.73 | $2,342.97 | $2,401.70 | $7,116.81 | |
| Sep, 2034 | 118 | $44.18 | $2,357.52 | $2,401.70 | $4,759.29 | |
| Oct, 2034 | 119 | $29.55 | $2,372.15 | $2,401.70 | $2,387.14 | |
| Nov, 2034 | 120 | $14.82 | $2,387.14 | $2,401.96 | $0.00 | |
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