HELOC Calculator

A HELOC is a revolving line against your home equity. During the draw period you typically pay interest only; then it converts to an amortizing repayment period with higher payments.

Your details

Amount drawn$How much of the line of credit you use.Interest rate (APR)%Draw period (years)Interest-only during the draw period.Repayment period (years)

Draw-period payment

$354.17

Repayment-period payment: $433.91
Total interest: $96,638.79

Draw vs repayment payment

Interest-only payment: $354.1745%
Payment after interest-only period: $433.9155%

Draw-period payment$354.17

Formula

Draw-period payment = balance × monthly rate (interest only). Repayment payment amortizes the balance over the repayment years.

Sources & methodology

HELOC rates are usually variable; this assumes a fixed rate for the estimate.

•CFPB — HELOCs — CFPB

Last updated: 2026-07-20

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