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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 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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