Mortgages
HELOC Calculator
See how much equity you can borrow, interest-only payments, and the repayment phase.
Inputs
Scenario comparison
Pick a comparison above to see Option A and Option B side-by-side.
Results
Maximum HELOC
$60,000.00
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
$425.00
If you borrowed the full HELOC
Repayment phase payment
$433.91
Principal + interest for 20 yr
Utilization
83.3%
$10,000.00 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)
Principal
$50,000.00
34.1%
Interest
$96,638.75
65.9%
Monthly payment by phase
$354.17Interest-only
$433.91Repayment
Balance over time
$50,000.00Balance
$0.00Month
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 2 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 3 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 4 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 5 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 6 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 7 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 8 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 9 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 10 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 11 | $354.17 | $0.00 | $354.17 | $50,000.00 |
| 12 | $354.17 | $0.00 | $354.17 | $50,000.00 |
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