HELOC calculator
See your available line, the interest-only payment during the draw period, and the fully amortizing payment that kicks in once the draw period ends.
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HELOCs typically cap at 80–90%
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%
HELOCs are usually variable rate
Available line
$315,000
Combined LTV with full draw: 61.1%
Interest-only payment
$708/mo
During the 10-year draw period
Repayment payment
$868/mo
20-year P&I after the draw period
Interest paid (draw period)
$85,000
Interest paid (repayment)
$108,278
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