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HELOC Payment Calculator
HELOC Payment Calculator excel is used to calculate monthly payment for your HELOC loan. The HELOC calculator is calculated based on your current HELOC balance, interest rate, interest only period and 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 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: |
Jun, 2021 | |||||
Payoff Date: |
May, 2032 | |||||
Total Interest Paid: |
$129,682.25 | |||||
Total Payment: |
$429,682.25 | |||||
HELOC Amortization Schedule |
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| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Jun, 2021 | 1 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jul, 2021 | 2 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Aug, 2021 | 3 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Sep, 2021 | 4 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Oct, 2021 | 5 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Nov, 2021 | 6 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Dec, 2021 | 7 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jan, 2022 | 8 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Feb, 2022 | 9 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Mar, 2022 | 10 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Apr, 2022 | 11 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| May, 2022 | 12 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jun, 2022 | 13 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jul, 2022 | 14 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Aug, 2022 | 15 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Sep, 2022 | 16 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Oct, 2022 | 17 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Nov, 2022 | 18 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Dec, 2022 | 19 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jan, 2023 | 20 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Feb, 2023 | 21 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Mar, 2023 | 22 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Apr, 2023 | 23 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| May, 2023 | 24 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jun, 2023 | 25 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jul, 2023 | 26 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Aug, 2023 | 27 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Sep, 2023 | 28 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Oct, 2023 | 29 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Nov, 2023 | 30 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Dec, 2023 | 31 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jan, 2024 | 32 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Feb, 2024 | 33 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Mar, 2024 | 34 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Apr, 2024 | 35 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| May, 2024 | 36 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jun, 2024 | 37 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jul, 2024 | 38 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Aug, 2024 | 39 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Sep, 2024 | 40 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Oct, 2024 | 41 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Nov, 2024 | 42 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Dec, 2024 | 43 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jan, 2025 | 44 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Feb, 2025 | 45 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Mar, 2025 | 46 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Apr, 2025 | 47 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| May, 2025 | 48 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jun, 2025 | 49 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jul, 2025 | 50 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Aug, 2025 | 51 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Sep, 2025 | 52 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Oct, 2025 | 53 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Nov, 2025 | 54 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Dec, 2025 | 55 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jan, 2026 | 56 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Feb, 2026 | 57 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Mar, 2026 | 58 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Apr, 2026 | 59 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| May, 2026 | 60 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jun, 2026 | 61 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jul, 2026 | 62 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Aug, 2026 | 63 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Sep, 2026 | 64 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Oct, 2026 | 65 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Nov, 2026 | 66 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Dec, 2026 | 67 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jan, 2027 | 68 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Feb, 2027 | 69 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Mar, 2027 | 70 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Apr, 2027 | 71 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| May, 2027 | 72 | $1,250.00 | $0.00 | $1,250.00 | $300,000.00 | |
| Jun, 2027 | 73 | $1,250.00 | $4,411.37 | $5,661.37 | $295,588.63 | |
| Jul, 2027 | 74 | $1,231.62 | $4,429.75 | $5,661.37 | $291,158.88 | |
| Aug, 2027 | 75 | $1,213.16 | $4,448.21 | $5,661.37 | $286,710.67 | |
| Sep, 2027 | 76 | $1,194.63 | $4,466.74 | $5,661.37 | $282,243.93 | |
| Oct, 2027 | 77 | $1,176.02 | $4,485.35 | $5,661.37 | $277,758.58 | |
| Nov, 2027 | 78 | $1,157.33 | $4,504.04 | $5,661.37 | $273,254.54 | |
| Dec, 2027 | 79 | $1,138.56 | $4,522.81 | $5,661.37 | $268,731.73 | |
| Jan, 2028 | 80 | $1,119.72 | $4,541.65 | $5,661.37 | $264,190.08 | |
| Feb, 2028 | 81 | $1,100.79 | $4,560.58 | $5,661.37 | $259,629.50 | |
| Mar, 2028 | 82 | $1,081.79 | $4,579.58 | $5,661.37 | $255,049.92 | |
| Apr, 2028 | 83 | $1,062.71 | $4,598.66 | $5,661.37 | $250,451.26 | |
| May, 2028 | 84 | $1,043.55 | $4,617.82 | $5,661.37 | $245,833.44 | |
| Jun, 2028 | 85 | $1,024.31 | $4,637.06 | $5,661.37 | $241,196.38 | |
| Jul, 2028 | 86 | $1,004.98 | $4,656.39 | $5,661.37 | $236,539.99 | |
| Aug, 2028 | 87 | $985.58 | $4,675.79 | $5,661.37 | $231,864.20 | |
| Sep, 2028 | 88 | $966.10 | $4,695.27 | $5,661.37 | $227,168.93 | |
| Oct, 2028 | 89 | $946.54 | $4,714.83 | $5,661.37 | $222,454.10 | |
| Nov, 2028 | 90 | $926.89 | $4,734.48 | $5,661.37 | $217,719.62 | |
| Dec, 2028 | 91 | $907.17 | $4,754.20 | $5,661.37 | $212,965.42 | |
| Jan, 2029 | 92 | $887.36 | $4,774.01 | $5,661.37 | $208,191.41 | |
| Feb, 2029 | 93 | $867.46 | $4,793.91 | $5,661.37 | $203,397.50 | |
| Mar, 2029 | 94 | $847.49 | $4,813.88 | $5,661.37 | $198,583.62 | |
| Apr, 2029 | 95 | $827.43 | $4,833.94 | $5,661.37 | $193,749.68 | |
| May, 2029 | 96 | $807.29 | $4,854.08 | $5,661.37 | $188,895.60 | |
| Jun, 2029 | 97 | $787.07 | $4,874.30 | $5,661.37 | $184,021.30 | |
| Jul, 2029 | 98 | $766.76 | $4,894.61 | $5,661.37 | $179,126.69 | |
| Aug, 2029 | 99 | $746.36 | $4,915.01 | $5,661.37 | $174,211.68 | |
| Sep, 2029 | 100 | $725.88 | $4,935.49 | $5,661.37 | $169,276.19 | |
| Oct, 2029 | 101 | $705.32 | $4,956.05 | $5,661.37 | $164,320.14 | |
| Nov, 2029 | 102 | $684.67 | $4,976.70 | $5,661.37 | $159,343.44 | |
| Dec, 2029 | 103 | $663.93 | $4,997.44 | $5,661.37 | $154,346.00 | |
| Jan, 2030 | 104 | $643.11 | $5,018.26 | $5,661.37 | $149,327.74 | |
| Feb, 2030 | 105 | $622.20 | $5,039.17 | $5,661.37 | $144,288.57 | |
| Mar, 2030 | 106 | $601.20 | $5,060.17 | $5,661.37 | $139,228.40 | |
| Apr, 2030 | 107 | $580.12 | $5,081.25 | $5,661.37 | $134,147.15 | |
| May, 2030 | 108 | $558.95 | $5,102.42 | $5,661.37 | $129,044.73 | |
| Jun, 2030 | 109 | $537.69 | $5,123.68 | $5,661.37 | $123,921.05 | |
| Jul, 2030 | 110 | $516.34 | $5,145.03 | $5,661.37 | $118,776.02 | |
| Aug, 2030 | 111 | $494.90 | $5,166.47 | $5,661.37 | $113,609.55 | |
| Sep, 2030 | 112 | $473.37 | $5,188.00 | $5,661.37 | $108,421.55 | |
| Oct, 2030 | 113 | $451.76 | $5,209.61 | $5,661.37 | $103,211.94 | |
| Nov, 2030 | 114 | $430.05 | $5,231.32 | $5,661.37 | $97,980.62 | |
| Dec, 2030 | 115 | $408.25 | $5,253.12 | $5,661.37 | $92,727.50 | |
| Jan, 2031 | 116 | $386.36 | $5,275.01 | $5,661.37 | $87,452.49 | |
| Feb, 2031 | 117 | $364.39 | $5,296.98 | $5,661.37 | $82,155.51 | |
| Mar, 2031 | 118 | $342.31 | $5,319.06 | $5,661.37 | $76,836.45 | |
| Apr, 2031 | 119 | $320.15 | $5,341.22 | $5,661.37 | $71,495.23 | |
| May, 2031 | 120 | $297.90 | $5,363.47 | $5,661.37 | $66,131.76 | |
| Jun, 2031 | 121 | $275.55 | $5,385.82 | $5,661.37 | $60,745.94 | |
| Jul, 2031 | 122 | $253.11 | $5,408.26 | $5,661.37 | $55,337.68 | |
| Aug, 2031 | 123 | $230.57 | $5,430.80 | $5,661.37 | $49,906.88 | |
| Sep, 2031 | 124 | $207.95 | $5,453.42 | $5,661.37 | $44,453.46 | |
| Oct, 2031 | 125 | $185.22 | $5,476.15 | $5,661.37 | $38,977.31 | |
| Nov, 2031 | 126 | $162.41 | $5,498.96 | $5,661.37 | $33,478.35 | |
| Dec, 2031 | 127 | $139.49 | $5,521.88 | $5,661.37 | $27,956.47 | |
| Jan, 2032 | 128 | $116.49 | $5,544.88 | $5,661.37 | $22,411.59 | |
| Feb, 2032 | 129 | $93.38 | $5,567.99 | $5,661.37 | $16,843.60 | |
| Mar, 2032 | 130 | $70.18 | $5,591.19 | $5,661.37 | $11,252.41 | |
| Apr, 2032 | 131 | $46.89 | $5,614.48 | $5,661.37 | $5,637.93 | |
| May, 2032 | 132 | $23.49 | $5,637.93 | $5,661.42 | $0.00 | |
Home equity line of credit calculator excel
You can share the result of your calculation from the home equity line of credit calculator with anyone by coping 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.
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