HELOC Calculator
For an interest-only draw period, multiply balance by the monthly interest rate.
This calculator is free to use. Enable JavaScript to enter your values and see a result instantly.
How it works
For an interest-only draw period, multiply balance by the monthly interest rate.
Worked example
A $30,000 balance at 8% costs about $200 monthly in interest.
Keep in mind
Rates may vary and repayment-period payments can be much higher.