Real Estate & Mortgage
HELOC Payment
Estimate interest-only draw-period payments and repayment-period payments on a HELOC.
Your inputs
Change any value to update the result instantly.
Interest-only draw payment
425
Repayment-period payment
590.8437
Total interest during draw
51,000
Payment jump at repayment
165.8437
Balance across draw and repayment periods
| Period | Input / invested | Calculated value |
|---|---|---|
| 1 | 5,100 | 60,000 |
| 2 | 10,200 | 60,000 |
| 3 | 15,300 | 60,000 |
| 4 | 20,400 | 60,000 |
| 5 | 25,500 | 60,000 |
| 6 | 30,600 | 60,000 |
| 7 | 35,700 | 60,000 |
| 8 | 40,800 | 60,000 |
| 9 | 45,900 | 60,000 |
| 10 | 51,000 | 60,000 |
| 11 | 7,090.1248 | 57,930.4831 |
| 12 | 14,180.2496 | 55,678.0398 |
| 13 | 21,270.3745 | 53,226.5009 |
| 14 | 28,360.4993 | 50,558.2683 |
| 15 | 35,450.6241 | 47,654.1882 |
| 16 | 42,540.7489 | 44,493.4138 |
| 17 | 49,630.8737 | 41,053.2557 |
| 18 | 56,720.9985 | 37,309.0189 |
| 19 | 63,811.1234 | 33,233.8257 |
| 20 | 70,901.2482 | 28,798.4224 |
| 21 | 77,991.373 | 23,970.9698 |
| 22 | 85,081.4978 | 18,716.8143 |
| 23 | 92,171.6226 | 12,998.2392 |
| 24 | 99,261.7474 | 6,774.1941 |
| 25 | 1,06,351.8723 | 0 |
Formula and working
Draw-period payment = balance × rate ÷ 12 (interest only); repayment period amortises the balance
- 1
Collect the inputs
Outstanding balance = 60,000; Variable interest rate = 8.5 %; Draw period (years) = 10 years; Repayment period (years) = 15 years
- 2
Apply the formula
Draw-period payment = balance × rate ÷ 12 (interest only); repayment period amortises the balance
- 3
Result
Interest-only draw payment = 425
Frequently asked questions
Important limitation
This is an educational estimate based only on the values and formula shown. Verify current rates, rules, units, and professional standards before relying on the result. It is not personalized financial or investment advice.
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