Loading calculator…
See your interest-only payment during the draw period and your fully-amortized payment during repayment.
We grow the balance by your monthly draw, charge interest-only payments during the draw period, then amortize the ending balance over the repayment period.
Typically 10 years. You can borrow and repay flexibly and usually only owe interest on what's drawn.
When the repayment period begins (often after year 10) the balance amortizes — payments often double or more.
Only if proceeds are used to buy, build, or improve the home and you itemize.
Yes — HELOCs are usually variable, tied to prime rate.
Usually yes — HELOC rates are much lower than cards, though the loan is secured by your home.
Results are estimates for educational purposes only and are not financial advice. Verify with a qualified professional before making decisions.
Last updated October 2026