Mortgages
HELOC Calculator
See how much equity you can borrow, interest-only payments, and the repayment phase.
Inputs
Results
Maximum HELOC
$82,500.00
Available credit line based on LTV
Combined LTV
77.8%
Mortgage + HELOC vs. home value
Interest-only payment
$354.17
First month, on drawn balance
Payment if maxed out
$584.38
If you borrowed the full HELOC
Repayment phase payment
$433.91
Principal + interest for 20 yr
Utilization
60.6%
$32,500 available
Interest during draw
$42,500.00
Interest during repayment
$54,138.75
Total interest
$96,638.75
Total paid
$146,638.75
Principal vs. interest (lifetime)
Monthly payment by phase
Balance over time
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $354 | $0 | $354 | $50,000 |
| 2 | $354 | $0 | $354 | $50,000 |
| 3 | $354 | $0 | $354 | $50,000 |
| 4 | $354 | $0 | $354 | $50,000 |
| 5 | $354 | $0 | $354 | $50,000 |
| 6 | $354 | $0 | $354 | $50,000 |
| 7 | $354 | $0 | $354 | $50,000 |
| 8 | $354 | $0 | $354 | $50,000 |
| 9 | $354 | $0 | $354 | $50,000 |
| 10 | $354 | $0 | $354 | $50,000 |
| 11 | $354 | $0 | $354 | $50,000 |
| 12 | $354 | $0 | $354 | $50,000 |
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