Line of Credit Calculator is a tool for homeowners to calculate the cost of getting a home equity line of credit. The HELOC calculator calculates the monthly payment and total interest payments the homeowner will need to pay throughout the line of credit.
HELOC Results |
|
Current HELOC Balance: |
$190,000.00 |
Monthly Payment: |
$1,401.25 for 60 payments $3,930.27 for 60 payments |
Interest Only Terms: |
5 years |
Total Terms: |
10 years |
Total # Of Payments: |
120 |
Start Date: |
Mar, 2025 |
Payoff Date: |
Feb, 2035 |
Total Interest Paid: |
$129,891.20 |
Total Payment: |
$319,891.20 |
Line of Credit Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Mar, 2025 | 1 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Apr, 2025 | 2 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| May, 2025 | 3 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jun, 2025 | 4 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jul, 2025 | 5 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Aug, 2025 | 6 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Sep, 2025 | 7 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Oct, 2025 | 8 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Nov, 2025 | 9 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Dec, 2025 | 10 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jan, 2026 | 11 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Feb, 2026 | 12 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Mar, 2026 | 13 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Apr, 2026 | 14 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| May, 2026 | 15 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jun, 2026 | 16 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jul, 2026 | 17 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Aug, 2026 | 18 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Sep, 2026 | 19 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Oct, 2026 | 20 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Nov, 2026 | 21 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Dec, 2026 | 22 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jan, 2027 | 23 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Feb, 2027 | 24 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Mar, 2027 | 25 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Apr, 2027 | 26 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| May, 2027 | 27 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jun, 2027 | 28 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jul, 2027 | 29 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Aug, 2027 | 30 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Sep, 2027 | 31 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Oct, 2027 | 32 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Nov, 2027 | 33 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Dec, 2027 | 34 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jan, 2028 | 35 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Feb, 2028 | 36 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Mar, 2028 | 37 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Apr, 2028 | 38 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| May, 2028 | 39 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jun, 2028 | 40 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jul, 2028 | 41 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Aug, 2028 | 42 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Sep, 2028 | 43 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Oct, 2028 | 44 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Nov, 2028 | 45 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Dec, 2028 | 46 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jan, 2029 | 47 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Feb, 2029 | 48 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Mar, 2029 | 49 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Apr, 2029 | 50 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| May, 2029 | 51 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jun, 2029 | 52 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jul, 2029 | 53 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Aug, 2029 | 54 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Sep, 2029 | 55 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Oct, 2029 | 56 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Nov, 2029 | 57 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Dec, 2029 | 58 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Jan, 2030 | 59 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Feb, 2030 | 60 | $1,401.25 | $0.00 | $1,401.25 | $190,000.00 | |
| Mar, 2030 | 61 | $1,401.25 | $2,529.02 | $3,930.27 | $187,470.98 | |
| Apr, 2030 | 62 | $1,382.60 | $2,547.67 | $3,930.27 | $184,923.31 | |
| May, 2030 | 63 | $1,363.81 | $2,566.46 | $3,930.27 | $182,356.85 | |
| Jun, 2030 | 64 | $1,344.88 | $2,585.39 | $3,930.27 | $179,771.46 | |
| Jul, 2030 | 65 | $1,325.81 | $2,604.46 | $3,930.27 | $177,167.00 | |
| Aug, 2030 | 66 | $1,306.61 | $2,623.66 | $3,930.27 | $174,543.34 | |
| Sep, 2030 | 67 | $1,287.26 | $2,643.01 | $3,930.27 | $171,900.33 | |
| Oct, 2030 | 68 | $1,267.76 | $2,662.51 | $3,930.27 | $169,237.82 | |
| Nov, 2030 | 69 | $1,248.13 | $2,682.14 | $3,930.27 | $166,555.68 | |
| Dec, 2030 | 70 | $1,228.35 | $2,701.92 | $3,930.27 | $163,853.76 | |
| Jan, 2031 | 71 | $1,208.42 | $2,721.85 | $3,930.27 | $161,131.91 | |
| Feb, 2031 | 72 | $1,188.35 | $2,741.92 | $3,930.27 | $158,389.99 | |
| Mar, 2031 | 73 | $1,168.13 | $2,762.14 | $3,930.27 | $155,627.85 | |
| Apr, 2031 | 74 | $1,147.76 | $2,782.51 | $3,930.27 | $152,845.34 | |
| May, 2031 | 75 | $1,127.23 | $2,803.04 | $3,930.27 | $150,042.30 | |
| Jun, 2031 | 76 | $1,106.56 | $2,823.71 | $3,930.27 | $147,218.59 | |
| Jul, 2031 | 77 | $1,085.74 | $2,844.53 | $3,930.27 | $144,374.06 | |
| Aug, 2031 | 78 | $1,064.76 | $2,865.51 | $3,930.27 | $141,508.55 | |
| Sep, 2031 | 79 | $1,043.63 | $2,886.64 | $3,930.27 | $138,621.91 | |
| Oct, 2031 | 80 | $1,022.34 | $2,907.93 | $3,930.27 | $135,713.98 | |
| Nov, 2031 | 81 | $1,000.89 | $2,929.38 | $3,930.27 | $132,784.60 | |
| Dec, 2031 | 82 | $979.29 | $2,950.98 | $3,930.27 | $129,833.62 | |
| Jan, 2032 | 83 | $957.52 | $2,972.75 | $3,930.27 | $126,860.87 | |
| Feb, 2032 | 84 | $935.60 | $2,994.67 | $3,930.27 | $123,866.20 | |
| Mar, 2032 | 85 | $913.51 | $3,016.76 | $3,930.27 | $120,849.44 | |
| Apr, 2032 | 86 | $891.26 | $3,039.01 | $3,930.27 | $117,810.43 | |
| May, 2032 | 87 | $868.85 | $3,061.42 | $3,930.27 | $114,749.01 | |
| Jun, 2032 | 88 | $846.27 | $3,084.00 | $3,930.27 | $111,665.01 | |
| Jul, 2032 | 89 | $823.53 | $3,106.74 | $3,930.27 | $108,558.27 | |
| Aug, 2032 | 90 | $800.62 | $3,129.65 | $3,930.27 | $105,428.62 | |
| Sep, 2032 | 91 | $777.54 | $3,152.73 | $3,930.27 | $102,275.89 | |
| Oct, 2032 | 92 | $754.28 | $3,175.99 | $3,930.27 | $99,099.90 | |
| Nov, 2032 | 93 | $730.86 | $3,199.41 | $3,930.27 | $95,900.49 | |
| Dec, 2032 | 94 | $707.27 | $3,223.00 | $3,930.27 | $92,677.49 | |
| Jan, 2033 | 95 | $683.50 | $3,246.77 | $3,930.27 | $89,430.72 | |
| Feb, 2033 | 96 | $659.55 | $3,270.72 | $3,930.27 | $86,160.00 | |
| Mar, 2033 | 97 | $635.43 | $3,294.84 | $3,930.27 | $82,865.16 | |
| Apr, 2033 | 98 | $611.13 | $3,319.14 | $3,930.27 | $79,546.02 | |
| May, 2033 | 99 | $586.65 | $3,343.62 | $3,930.27 | $76,202.40 | |
| Jun, 2033 | 100 | $561.99 | $3,368.28 | $3,930.27 | $72,834.12 | |
| Jul, 2033 | 101 | $537.15 | $3,393.12 | $3,930.27 | $69,441.00 | |
| Aug, 2033 | 102 | $512.13 | $3,418.14 | $3,930.27 | $66,022.86 | |
| Sep, 2033 | 103 | $486.92 | $3,443.35 | $3,930.27 | $62,579.51 | |
| Oct, 2033 | 104 | $461.52 | $3,468.75 | $3,930.27 | $59,110.76 | |
| Nov, 2033 | 105 | $435.94 | $3,494.33 | $3,930.27 | $55,616.43 | |
| Dec, 2033 | 106 | $410.17 | $3,520.10 | $3,930.27 | $52,096.33 | |
| Jan, 2034 | 107 | $384.21 | $3,546.06 | $3,930.27 | $48,550.27 | |
| Feb, 2034 | 108 | $358.06 | $3,572.21 | $3,930.27 | $44,978.06 | |
| Mar, 2034 | 109 | $331.71 | $3,598.56 | $3,930.27 | $41,379.50 | |
| Apr, 2034 | 110 | $305.17 | $3,625.10 | $3,930.27 | $37,754.40 | |
| May, 2034 | 111 | $278.44 | $3,651.83 | $3,930.27 | $34,102.57 | |
| Jun, 2034 | 112 | $251.51 | $3,678.76 | $3,930.27 | $30,423.81 | |
| Jul, 2034 | 113 | $224.38 | $3,705.89 | $3,930.27 | $26,717.92 | |
| Aug, 2034 | 114 | $197.04 | $3,733.23 | $3,930.27 | $22,984.69 | |
| Sep, 2034 | 115 | $169.51 | $3,760.76 | $3,930.27 | $19,223.93 | |
| Oct, 2034 | 116 | $141.78 | $3,788.49 | $3,930.27 | $15,435.44 | |
| Nov, 2034 | 117 | $113.84 | $3,816.43 | $3,930.27 | $11,619.01 | |
| Dec, 2034 | 118 | $85.69 | $3,844.58 | $3,930.27 | $7,774.43 | |
| Jan, 2035 | 119 | $57.34 | $3,872.93 | $3,930.27 | $3,901.50 | |
| Feb, 2035 | 120 | $28.77 | $3,901.50 | $3,930.27 | $0.00 | |