HELOC Payment Estimator
Estimate your available credit, preview interest-only payments, and plan draws with confidence.
HELOC Quick Qualifier
Estimate your home equity line of credit eligibility and payment
Current Rate Environment
Rates as of 1/16/2026
Pro Tips
- ✓Higher credit scores qualify for lower margins
- ✓Owner-occupied homes get the best terms
- ✓Some lenders offer intro rates for 6-12 months
- ✓Consider fixed-rate options for large draws
HELOC payment examples
Based on 9.0% APR (Prime + 0.5% margin)
| Amount Borrowed | Interest-Only Payment (Draw Period) | Principal + Interest (20-yr Repayment) |
|---|---|---|
| $25,000 | $188 | $225 |
| $50,000 | $375 | $450 |
| $75,000 | $563 | $675 |
| $100,000 | $750 | $900 |
| $150,000 | $1,125 | $1,350 |
*Payments will vary as Prime Rate changes. Examples assume constant rate.
Payment estimator FAQs
Understanding HELOC payments and calculations
This estimator provides a general idea based on typical lending guidelines. Actual rates and available credit depend on your specific credit profile, property type, and lender requirements. For a precise quote, complete a full application.
Combined Loan-to-Value (CLTV) is your total mortgage debt divided by your home's value. Most HELOCs allow up to 80-90% CLTV. The lower your CLTV, the better rates and terms you'll typically receive.
During the draw period (usually 10 years), you pay interest only on the amount borrowed. The payment = (Outstanding Balance × Interest Rate) ÷ 12. After the draw period, payments include principal and interest, similar to a regular loan.
The draw period (typically 10 years) allows you to borrow, repay, and re-borrow up to your limit while making interest-only payments. The repayment period (typically 20 years) requires principal and interest payments on the outstanding balance.
Yes, HELOC payments can change for two reasons: 1) Your balance changes as you draw or repay funds, and 2) The interest rate adjusts with Prime Rate changes. Some lenders offer fixed-rate options for predictable payments.
Important Disclosures
Estimate for illustration only. Actual terms subject to credit approval.
Based on Prime Rate + margin. Rates adjust monthly with Prime Rate changes.
Maximum CLTV varies by credit score, property type, and lender guidelines.
Property insurance and taxes not included in payment estimates.