🔑 HELOC Calculator
Maximum HELOC credit line
$132,500
85% of $450,000 minus your $250,000 mortgage
| Home equity | $200,000 |
| Amount borrowed | $50,000 |
| Interest-only payment (draw period, 10 years) | $312.50 / month |
| Repayment payment (20 years) | $402.80 / month |
- Payment jump at repayment
- $90.30
- Combined LTV after borrowing
- 66.7%
- Total interest
- $84,170
- Total repaid
- $134,170
Assumes the full amount is drawn at the start and the rate stays fixed. HELOC rates are usually variable, so payments change with the prime rate.