Loans
Interest-Only Line of Credit Calculator
Estimate interest-only payments on a HELOC or business line of credit, then model the repayment phase.
Inputs
Scenario comparison
Pick a comparison above to see Option A and Option B side-by-side.
Results
Interest-only payment
$177.08
First month, at current balance
Payment if maxed out
$354.17
At full credit limit
Repayment phase payment
$216.96
Principal + interest for 20 yr
Utilization
50.0%
$25,000.00 available
Interest during draw
$21,250.00
Interest during repayment
$27,069.42
Total interest
$48,319.42
Total paid
$73,319.42
Principal vs. interest (lifetime)
Principal
$25,000.00
34.1%
Interest
$48,319.42
65.9%
Monthly payment by phase
$177.08Interest-only
$216.96Repayment
Balance over time
$25,000.00Balance
$0.00Month
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 2 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 3 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 4 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 5 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 6 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 7 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 8 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 9 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 10 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 11 | $177.08 | $0.00 | $177.08 | $25,000.00 |
| 12 | $177.08 | $0.00 | $177.08 | $25,000.00 |
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