Home Equity Line of Credit Calculator

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

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Important Financial Disclaimer

This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.

For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.

Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.

Not a substitute for professional financial advice

Property & Loan Details

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years
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

HELOC vs Home Equity Loan

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
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