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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:
Dec, 2021
Payoff Date:
Nov, 2032
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
Dec, 2021 1 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2022 2 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2022 3 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2022 4 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2022 5 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2022 6 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2022 7 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2022 8 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2022 9 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2022 10 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2022 11 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2022 12 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2022 13 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2023 14 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2023 15 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2023 16 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2023 17 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2023 18 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2023 19 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2023 20 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2023 21 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2023 22 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2023 23 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2023 24 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2023 25 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2024 26 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2024 27 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2024 28 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2024 29 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2024 30 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2024 31 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2024 32 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2024 33 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2024 34 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2024 35 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2024 36 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2024 37 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2025 38 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2025 39 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2025 40 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2025 41 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2025 42 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2025 43 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2025 44 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2025 45 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2025 46 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2025 47 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2025 48 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2025 49 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2026 50 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2026 51 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2026 52 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2026 53 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2026 54 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2026 55 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2026 56 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2026 57 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2026 58 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2026 59 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2026 60 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2026 61 $1,250.00 $0.00 $1,250.00 $300,000.00
Jan, 2027 62 $1,250.00 $0.00 $1,250.00 $300,000.00
Feb, 2027 63 $1,250.00 $0.00 $1,250.00 $300,000.00
Mar, 2027 64 $1,250.00 $0.00 $1,250.00 $300,000.00
Apr, 2027 65 $1,250.00 $0.00 $1,250.00 $300,000.00
May, 2027 66 $1,250.00 $0.00 $1,250.00 $300,000.00
Jun, 2027 67 $1,250.00 $0.00 $1,250.00 $300,000.00
Jul, 2027 68 $1,250.00 $0.00 $1,250.00 $300,000.00
Aug, 2027 69 $1,250.00 $0.00 $1,250.00 $300,000.00
Sep, 2027 70 $1,250.00 $0.00 $1,250.00 $300,000.00
Oct, 2027 71 $1,250.00 $0.00 $1,250.00 $300,000.00
Nov, 2027 72 $1,250.00 $0.00 $1,250.00 $300,000.00
Dec, 2027 73 $1,250.00 $4,411.37 $5,661.37 $295,588.63
Jan, 2028 74 $1,231.62 $4,429.75 $5,661.37 $291,158.88
Feb, 2028 75 $1,213.16 $4,448.21 $5,661.37 $286,710.67
Mar, 2028 76 $1,194.63 $4,466.74 $5,661.37 $282,243.93
Apr, 2028 77 $1,176.02 $4,485.35 $5,661.37 $277,758.58
May, 2028 78 $1,157.33 $4,504.04 $5,661.37 $273,254.54
Jun, 2028 79 $1,138.56 $4,522.81 $5,661.37 $268,731.73
Jul, 2028 80 $1,119.72 $4,541.65 $5,661.37 $264,190.08
Aug, 2028 81 $1,100.79 $4,560.58 $5,661.37 $259,629.50
Sep, 2028 82 $1,081.79 $4,579.58 $5,661.37 $255,049.92
Oct, 2028 83 $1,062.71 $4,598.66 $5,661.37 $250,451.26
Nov, 2028 84 $1,043.55 $4,617.82 $5,661.37 $245,833.44
Dec, 2028 85 $1,024.31 $4,637.06 $5,661.37 $241,196.38
Jan, 2029 86 $1,004.98 $4,656.39 $5,661.37 $236,539.99
Feb, 2029 87 $985.58 $4,675.79 $5,661.37 $231,864.20
Mar, 2029 88 $966.10 $4,695.27 $5,661.37 $227,168.93
Apr, 2029 89 $946.54 $4,714.83 $5,661.37 $222,454.10
May, 2029 90 $926.89 $4,734.48 $5,661.37 $217,719.62
Jun, 2029 91 $907.17 $4,754.20 $5,661.37 $212,965.42
Jul, 2029 92 $887.36 $4,774.01 $5,661.37 $208,191.41
Aug, 2029 93 $867.46 $4,793.91 $5,661.37 $203,397.50
Sep, 2029 94 $847.49 $4,813.88 $5,661.37 $198,583.62
Oct, 2029 95 $827.43 $4,833.94 $5,661.37 $193,749.68
Nov, 2029 96 $807.29 $4,854.08 $5,661.37 $188,895.60
Dec, 2029 97 $787.07 $4,874.30 $5,661.37 $184,021.30
Jan, 2030 98 $766.76 $4,894.61 $5,661.37 $179,126.69
Feb, 2030 99 $746.36 $4,915.01 $5,661.37 $174,211.68
Mar, 2030 100 $725.88 $4,935.49 $5,661.37 $169,276.19
Apr, 2030 101 $705.32 $4,956.05 $5,661.37 $164,320.14
May, 2030 102 $684.67 $4,976.70 $5,661.37 $159,343.44
Jun, 2030 103 $663.93 $4,997.44 $5,661.37 $154,346.00
Jul, 2030 104 $643.11 $5,018.26 $5,661.37 $149,327.74
Aug, 2030 105 $622.20 $5,039.17 $5,661.37 $144,288.57
Sep, 2030 106 $601.20 $5,060.17 $5,661.37 $139,228.40
Oct, 2030 107 $580.12 $5,081.25 $5,661.37 $134,147.15
Nov, 2030 108 $558.95 $5,102.42 $5,661.37 $129,044.73
Dec, 2030 109 $537.69 $5,123.68 $5,661.37 $123,921.05
Jan, 2031 110 $516.34 $5,145.03 $5,661.37 $118,776.02
Feb, 2031 111 $494.90 $5,166.47 $5,661.37 $113,609.55
Mar, 2031 112 $473.37 $5,188.00 $5,661.37 $108,421.55
Apr, 2031 113 $451.76 $5,209.61 $5,661.37 $103,211.94
May, 2031 114 $430.05 $5,231.32 $5,661.37 $97,980.62
Jun, 2031 115 $408.25 $5,253.12 $5,661.37 $92,727.50
Jul, 2031 116 $386.36 $5,275.01 $5,661.37 $87,452.49
Aug, 2031 117 $364.39 $5,296.98 $5,661.37 $82,155.51
Sep, 2031 118 $342.31 $5,319.06 $5,661.37 $76,836.45
Oct, 2031 119 $320.15 $5,341.22 $5,661.37 $71,495.23
Nov, 2031 120 $297.90 $5,363.47 $5,661.37 $66,131.76
Dec, 2031 121 $275.55 $5,385.82 $5,661.37 $60,745.94
Jan, 2032 122 $253.11 $5,408.26 $5,661.37 $55,337.68
Feb, 2032 123 $230.57 $5,430.80 $5,661.37 $49,906.88
Mar, 2032 124 $207.95 $5,453.42 $5,661.37 $44,453.46
Apr, 2032 125 $185.22 $5,476.15 $5,661.37 $38,977.31
May, 2032 126 $162.41 $5,498.96 $5,661.37 $33,478.35
Jun, 2032 127 $139.49 $5,521.88 $5,661.37 $27,956.47
Jul, 2032 128 $116.49 $5,544.88 $5,661.37 $22,411.59
Aug, 2032 129 $93.38 $5,567.99 $5,661.37 $16,843.60
Sep, 2032 130 $70.18 $5,591.19 $5,661.37 $11,252.41
Oct, 2032 131 $46.89 $5,614.48 $5,661.37 $5,637.93
Nov, 2032 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. Our HELOC payment 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.



HELOC Amortization Schedule

The HELOC 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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