Home Equity Line of Credit Calculator

Calculate your HELOC credit limit and see how payments change between draw and repayment periods.

Property & Loan Details

Home Value

Current Mortgage Balance

Maximum Combined LTV

HELOC Interest Rate

Amount to Draw

Draw Period

years

Repayment Period

years

Available Credit Line

$200,000.00

Based on 80% CLTV

Draw Period Payment

$333.33

Interest only

Repayment Payment

$418.22

Principal + Interest

Payment Increase

$84.89

Total Interest

$90,372.81

Home Equity Loan Payment$366.88

Home Equity Loan Interest$82,077.62

HELOC Total Interest$90,372.81

Interest Difference$8,295.18 more