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HELOC Payment Calculator

HELOC Payment Calculator excel to calculate the monthly payments for your HELOC loan. The HELOC calculator is calculated based on your current HELOC balance, interest rate, interest-only period, and the repayment period. Home equity line of credit calculator excel will calculate the payments and show you an amortization schedule for each payment. The HELOC amortization schedule is printable, and you can export it to excel or as a pdf file.

HELOC Calculator

Current HELOC Balance
Interest Rate
Interest Only Period
years
Repayment Period
years
First Payment Date
Amortization schedule
Show By Month Show By Year

HELOC Results

Current HELOC Balance:
$300,000.00
Monthly Payment:
$1,250.00 for 72 payments
$5,661.37 for 60 payments
Interest Only Terms:
6 years
Total Terms:
11 years
Total # Of Payments:
132
Start Date:
Aug, 2022
Payoff Date:
Jul, 2033
Total Interest Paid:
$129,682.25
Total Payment:
$429,682.25

HELOC Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Aug, 2022 1 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2022 2 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2022 3 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2022 4 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2022 5 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2023 6 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2023 7 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2023 8 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2023 9 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2023 10 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2023 11 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2023 12 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2023 13 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2023 14 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2023 15 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2023 16 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2023 17 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2024 18 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2024 19 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2024 20 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2024 21 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2024 22 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2024 23 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2024 24 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2024 25 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2024 26 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2024 27 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2024 28 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2024 29 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2025 30 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2025 31 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2025 32 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2025 33 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2025 34 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2025 35 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2025 36 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2025 37 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2025 38 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2025 39 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2025 40 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2025 41 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2026 42 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2026 43 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2026 44 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2026 45 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2026 46 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2026 47 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2026 48 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2026 49 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2026 50 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2026 51 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2026 52 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2026 53 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2027 54 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2027 55 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2027 56 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2027 57 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2027 58 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2027 59 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2027 60 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2027 61 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2027 62 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2027 63 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2027 64 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2027 65 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2028 66 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2028 67 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2028 68 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2028 69 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2028 70 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2028 71 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2028 72 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2028 73 $1,250.00 $4,411.37 $5,661.37 $295,588.63
Sep, 2028 74 $1,231.62 $4,429.75 $5,661.37 $291,158.88
Oct, 2028 75 $1,213.16 $4,448.21 $5,661.37 $286,710.67
Nov, 2028 76 $1,194.63 $4,466.74 $5,661.37 $282,243.93
Dec, 2028 77 $1,176.02 $4,485.35 $5,661.37 $277,758.58
Jan, 2029 78 $1,157.33 $4,504.04 $5,661.37 $273,254.54
Feb, 2029 79 $1,138.56 $4,522.81 $5,661.37 $268,731.73
Mar, 2029 80 $1,119.72 $4,541.65 $5,661.37 $264,190.08
Apr, 2029 81 $1,100.79 $4,560.58 $5,661.37 $259,629.50
May, 2029 82 $1,081.79 $4,579.58 $5,661.37 $255,049.92
Jun, 2029 83 $1,062.71 $4,598.66 $5,661.37 $250,451.26
Jul, 2029 84 $1,043.55 $4,617.82 $5,661.37 $245,833.44
Aug, 2029 85 $1,024.31 $4,637.06 $5,661.37 $241,196.38
Sep, 2029 86 $1,004.98 $4,656.39 $5,661.37 $236,539.99
Oct, 2029 87 $985.58 $4,675.79 $5,661.37 $231,864.20
Nov, 2029 88 $966.10 $4,695.27 $5,661.37 $227,168.93
Dec, 2029 89 $946.54 $4,714.83 $5,661.37 $222,454.10
Jan, 2030 90 $926.89 $4,734.48 $5,661.37 $217,719.62
Feb, 2030 91 $907.17 $4,754.20 $5,661.37 $212,965.42
Mar, 2030 92 $887.36 $4,774.01 $5,661.37 $208,191.41
Apr, 2030 93 $867.46 $4,793.91 $5,661.37 $203,397.50
May, 2030 94 $847.49 $4,813.88 $5,661.37 $198,583.62
Jun, 2030 95 $827.43 $4,833.94 $5,661.37 $193,749.68
Jul, 2030 96 $807.29 $4,854.08 $5,661.37 $188,895.60
Aug, 2030 97 $787.07 $4,874.30 $5,661.37 $184,021.30
Sep, 2030 98 $766.76 $4,894.61 $5,661.37 $179,126.69
Oct, 2030 99 $746.36 $4,915.01 $5,661.37 $174,211.68
Nov, 2030 100 $725.88 $4,935.49 $5,661.37 $169,276.19
Dec, 2030 101 $705.32 $4,956.05 $5,661.37 $164,320.14
Jan, 2031 102 $684.67 $4,976.70 $5,661.37 $159,343.44
Feb, 2031 103 $663.93 $4,997.44 $5,661.37 $154,346.00
Mar, 2031 104 $643.11 $5,018.26 $5,661.37 $149,327.74
Apr, 2031 105 $622.20 $5,039.17 $5,661.37 $144,288.57
May, 2031 106 $601.20 $5,060.17 $5,661.37 $139,228.40
Jun, 2031 107 $580.12 $5,081.25 $5,661.37 $134,147.15
Jul, 2031 108 $558.95 $5,102.42 $5,661.37 $129,044.73
Aug, 2031 109 $537.69 $5,123.68 $5,661.37 $123,921.05
Sep, 2031 110 $516.34 $5,145.03 $5,661.37 $118,776.02
Oct, 2031 111 $494.90 $5,166.47 $5,661.37 $113,609.55
Nov, 2031 112 $473.37 $5,188.00 $5,661.37 $108,421.55
Dec, 2031 113 $451.76 $5,209.61 $5,661.37 $103,211.94
Jan, 2032 114 $430.05 $5,231.32 $5,661.37 $97,980.62
Feb, 2032 115 $408.25 $5,253.12 $5,661.37 $92,727.50
Mar, 2032 116 $386.36 $5,275.01 $5,661.37 $87,452.49
Apr, 2032 117 $364.39 $5,296.98 $5,661.37 $82,155.51
May, 2032 118 $342.31 $5,319.06 $5,661.37 $76,836.45
Jun, 2032 119 $320.15 $5,341.22 $5,661.37 $71,495.23
Jul, 2032 120 $297.90 $5,363.47 $5,661.37 $66,131.76
Aug, 2032 121 $275.55 $5,385.82 $5,661.37 $60,745.94
Sep, 2032 122 $253.11 $5,408.26 $5,661.37 $55,337.68
Oct, 2032 123 $230.57 $5,430.80 $5,661.37 $49,906.88
Nov, 2032 124 $207.95 $5,453.42 $5,661.37 $44,453.46
Dec, 2032 125 $185.22 $5,476.15 $5,661.37 $38,977.31
Jan, 2033 126 $162.41 $5,498.96 $5,661.37 $33,478.35
Feb, 2033 127 $139.49 $5,521.88 $5,661.37 $27,956.47
Mar, 2033 128 $116.49 $5,544.88 $5,661.37 $22,411.59
Apr, 2033 129 $93.38 $5,567.99 $5,661.37 $16,843.60
May, 2033 130 $70.18 $5,591.19 $5,661.37 $11,252.41
Jun, 2033 131 $46.89 $5,614.48 $5,661.37 $5,637.93
Jul, 2033 132 $23.49 $5,637.93 $5,661.42 $0.00

Line of credit payment calculator excel

You can share the result of your calculation from the home equity line of credit payment calculator excel with anyone by copying and pasting the link below.




What is a home equity line of credit?

A home equity line of credit or HELOC is a line of credit secured by your home. If you need to pay off high-interest credit card debts, or other large expenses, you can consider HELOC as it often has a much lower interest rate than other types of loans such as credit cards.


How does HELOC work?

HELOC allows you to borrow money using your house as collateral. The amount of money you can borrow depends on your equity in the house. As you repay your home loan, you build equity on your home. The more equity you have in your home, the more you can borrow. You can borrow using the HELOC again and again because when you repay your home loan, you are building equity at the same time.


How to qualify for a HELOC?

To qualify for HELOC, you need to have enough equity in your home. The amount that you owe on your home must be less than the value of your home, otherwise, you have no equity. Many banks allow you to borrow up to 85% of your home minus the amount you owe. The process of applying for a HELOC is similar to when you apply for a mortgage. Lenders usually review your credit score, employment history, income, and debts to determine whether or not you are qualified, and at what interest rate. The terms for a home equity line of credit can be anywhere from 5 to 30 years.


How to calculate HELOC payment?


Different home equity lenders may have different ways to calculate HELOC payments. Some lenders require the borrowers to pay for interest-only for a period of time and then start repaying the principal with interest. Some lenders may require balloon payments, so instead of an interest-only period, you pay the same amount each month for a few years, and then you are required to pay the rest in a lump sum.


HELOC Payoff Calculator

Our HELOC payoff calculator uses the interest-only period to calculate the result. Simply enter the current HELOC balance, interest rate, interest-only period, and repayment period, and you will get an amortization schedule that shows your monthly payment. If your payment doesn't start today, you have the option to select your first payment date in the past or in the future, and then you will see when you will pay off your home equity line of credit. For borrowers who want to pay off their HELOC earlier with extra payments each month, please use the early HELOC payoff calculator.



HELOC Amortization Schedule

The HELOC payment calculator generates a HELOC amortization schedule that breaks down each monthly payment with interest and the principal amount that a borrower will be paying. Since borrowers only pay interest in the interest-only period, the HELOC amortization schedule for that period will be just for interest payment and $0 for the principal. After the interest payment period is over, then HELOC amortization will have a different monthly payment since the borrowers are required to pay the principal in addition to the interest payment. Borrowers see the exact payoff date for their HELOC loans, the total interest paid, and the total amount of payment made throughout the life of the loan.




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