HELOC Payoff Calculator
See how fast you clear a HELOC balance by paying interest plus a fixed extra each month.
Your home value and loan numbers stay on this page — nothing is uploadedTry: HELOC balance=50000, APR=8, Extra per month=100 → 221, $45,629.58, $95,629.58
How to use
Enter the balance, APR, and an extra amount beyond the interest. The calculator shows months and total interest, and what you save versus paying interest only.
FAQ
Why pay extra on a HELOC?
Interest accrues on the drawn balance daily, so any principal you pay down stops accruing interest immediately.
What if I only pay interest?
The balance never shrinks, and you owe it all at the end of the draw period.