HELOC Calculator
HELOCs have two lives: interest-only draw period, then amortizing repayment. See both payments on your limit.
Your HELOC limit
$125,000.00
- Interest-only payment on $40,000.00 (draw phase)
- $291.67
- Payment after repayment phase starts (20y)
- $353.48
Variable rate — payment rises/falls with the index. Stress-test +2% before drawing.
How the HELOC Calculator works
The calculation follows the standard method used across the US — no shortcuts, no hidden assumptions. Here is exactly what happens behind the scenes:
Frequently Asked Questions
How does the HELOC Calculator work?
Enter your numbers above and results update instantly using standard formulas, computed entirely on your device.
Is the HELOC Calculator free to use?
Yes — completely free with no signup required, and it works on phones, tablets, and desktops.
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