HELOC Payment Calculator
See the interest-only draw-period payment and the full amortized repayment payment for a HELOC balance.
Your home value and loan numbers stay on this page — nothing is uploadedTry: HELOC balance=50000, APR=8, Draw period (months)=120, Repayment period (months)=240 → $333.33, $418.22, $100,372.81
How to use
Enter your HELOC balance, APR, the draw period, and the repayment period. The calculator shows the low interest-only payment during the draw and the larger fully-amortized payment after. That gap is the payment shock — plan for it.
FAQ
Why is the draw payment so low?
During the draw period you usually pay interest only, so the balance does not shrink.
What happens at repayment?
The balance is amortized over the repayment years, so the monthly payment jumps and includes principal.