HELOC Calculator
CaliforniaCalculator.netHELOC details
Repayment payment: $438.08
- Draw-period payment
- $358.34
- Payment change
- $79.74
- Available credit
- $50,000.00
- Credit utilization
- 50.0%
Draw-to-repayment transition
The modeled balance at the end of the draw period is $50,000.00.
- Interest-only amount
- $354.17
- Repayment principal and interest
- $433.91
- Starting balance after new draw
- $50,000.00
- Draw-period interest
- $42,500.40
- Repayment-period interest
- $54,139.23
- Total interest
- $96,639.63
- Total account fees
- $1,500.00
- Total modeled interest and fees
- $98,139.63
- Illustrative line by CLTV
- $145,000.00
- Illustrative remaining equity capacity
- $95,000.00
Important HELOC assumptions
- HELOC rates are usually variable. This estimate holds the entered rate constant except in the sensitivity chart.
- Actual minimum-payment formulas, rate index and margin, caps, floors, fees, draw rules, and repayment terms are controlled by your HELOC agreement.
- A HELOC is secured by your home. Falling behind can put the home at risk.
- The CLTV estimate is illustrative and is not an approval, appraisal, credit-limit offer, or underwriting decision.
Projected balance
Interest-only draw period followed by amortizing repayment
| Year | Phase | Balance |
|---|---|---|
| 1 | Draw | $50,000 |
| 5 | Draw | $50,000 |
| 10 | Draw | $50,000 |
| 15 | Repayment | $44,064 |
| 20 | Repayment | $34,997 |
| 25 | Repayment | $21,150 |
| 30 | Repayment | $0 |
Rate sensitivity
Payment estimates if the entered rate were two points lower or higher
| Rate | Draw | Repayment |
|---|---|---|
| 6.50% | $275 | $377 |
| 7.50% | $317 | $407 |
| 8.50% | $358 | $438 |
| 9.50% | $400 | $470 |
| 10.50% | $442 | $503 |
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