Calculators
HELOC Calculator
Estimate your available credit line, draw period payments, and repayment schedule
Your Home Details
HELOC Terms
Available Credit
Max Credit Line
$160,000
at 85% CLTV
Your Draw Amount
$80,000
During the 10-year draw period, you pay interest only on the amount drawn.
Monthly Payment
$566.67
interest only
Total Interest Paid
$68,000
over 10 years
Note: During the draw period your principal balance does not decrease. The full draw amount will be due at the start of the repayment period.
Total Cost Summary
Draw Amount
$80,000
Draw Period Interest
10 yrs × $566.67/mo
$68,000
Repayment Period Interest
20 yrs × $694.26/mo
$86,622
Total Cost of HELOC
$234,622
Repayment Amortization
Showing first 12 months of the repayment period.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $694.26 | $127.59 | $566.67 | $79,872 |
| 2 | $694.26 | $128.50 | $565.76 | $79,744 |
| 3 | $694.26 | $129.41 | $564.85 | $79,615 |
| 4 | $694.26 | $130.32 | $563.94 | $79,484 |
| 5 | $694.26 | $131.25 | $563.01 | $79,353 |
| 6 | $694.26 | $132.18 | $562.08 | $79,221 |
| 7 | $694.26 | $133.11 | $561.15 | $79,088 |
| 8 | $694.26 | $134.05 | $560.20 | $78,954 |
| 9 | $694.26 | $135.00 | $559.25 | $78,819 |
| 10 | $694.26 | $135.96 | $558.30 | $78,683 |
| 11 | $694.26 | $136.92 | $557.34 | $78,546 |
| 12 | $694.26 | $137.89 | $556.37 | $78,408 |
| … 228 more months … | ||||
| Final | $694.26 | $689.38 | $4.88 | $0 |
Disclaimer: This calculator is provided for educational and illustrative purposes only. Results are estimates based on the inputs you provide and assume a fixed interest rate throughout both the draw and repayment periods. Actual HELOC terms, credit limits, rates, and payments will vary based on your lender, credit profile, property value, and market conditions. HELOCs are typically variable-rate products — your actual rate and payment may change over time. This is not a loan commitment or offer of credit. Contact Patron Mortgage for personalized guidance. NMLS 1747739.
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Ready to Explore a HELOC?
Contact Patron Mortgage to find out if a HELOC is the right way to access your home equity. We'll walk you through your options.
NMLS 1747739 · Licensed in California