HELOC Payoff Calculator

HELOC Payoff Calculator to calculate how much earlier you can pay off your line of credit with extra payments. HELOC extra payment calculator will show you the savings when you make additional payments on your line of credit each month.

		Original		HELOC Payoff
Original vs. HELOC Payoff
Monthly Payment		$1,000.00		$1,200.00
Expected Payoff Time		87 months		68 months
Total Interest		$21,430.59		$16,590.46
Total Principal		$65,000.00		$65,000.00
Total Payment		$86,430.59		$81,590.46
Total Interest Savings		$0		$4,840.13
Payoff Date		Aug, 2030		Jan, 2029
HELOC Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Jun, 2023	1	$446.88	$753.13	$1,200.00	$64,246.88
Jul, 2023	2	$441.70	$758.30	$1,200.00	$63,488.57
Aug, 2023	3	$436.48	$763.52	$1,200.00	$62,725.06
Sep, 2023	4	$431.23	$768.77	$1,200.00	$61,956.29
Oct, 2023	5	$425.95	$774.05	$1,200.00	$61,182.24
Nov, 2023	6	$420.63	$779.37	$1,200.00	$60,402.87
Dec, 2023	7	$415.27	$784.73	$1,200.00	$59,618.14
Jan, 2024	8	$409.87	$790.13	$1,200.00	$58,828.01
Feb, 2024	9	$404.44	$795.56	$1,200.00	$58,032.46
Mar, 2024	10	$398.97	$801.03	$1,200.00	$57,231.43
Apr, 2024	11	$393.47	$806.53	$1,200.00	$56,424.89
May, 2024	12	$387.92	$812.08	$1,200.00	$55,612.82
Jun, 2024	13	$382.34	$817.66	$1,200.00	$54,795.15
Jul, 2024	14	$376.72	$823.28	$1,200.00	$53,971.87
Aug, 2024	15	$371.06	$828.94	$1,200.00	$53,142.93
Sep, 2024	16	$365.36	$834.64	$1,200.00	$52,308.28
Oct, 2024	17	$359.62	$840.38	$1,200.00	$51,467.90
Nov, 2024	18	$353.84	$846.16	$1,200.00	$50,621.75
Dec, 2024	19	$348.02	$851.98	$1,200.00	$49,769.77
Jan, 2025	20	$342.17	$857.83	$1,200.00	$48,911.94
Feb, 2025	21	$336.27	$863.73	$1,200.00	$48,048.21
Mar, 2025	22	$330.33	$869.67	$1,200.00	$47,178.54
Apr, 2025	23	$324.35	$875.65	$1,200.00	$46,302.89
May, 2025	24	$318.33	$881.67	$1,200.00	$45,421.22
Jun, 2025	25	$312.27	$887.73	$1,200.00	$44,533.49
Jul, 2025	26	$306.17	$893.83	$1,200.00	$43,639.66
Aug, 2025	27	$300.02	$899.98	$1,200.00	$42,739.68
Sep, 2025	28	$293.84	$906.16	$1,200.00	$41,833.52
Oct, 2025	29	$287.61	$912.39	$1,200.00	$40,921.13
Nov, 2025	30	$281.33	$918.67	$1,200.00	$40,002.46
Dec, 2025	31	$275.02	$924.98	$1,200.00	$39,077.48
Jan, 2026	32	$268.66	$931.34	$1,200.00	$38,146.13
Feb, 2026	33	$262.25	$937.75	$1,200.00	$37,208.39
Mar, 2026	34	$255.81	$944.19	$1,200.00	$36,264.20
Apr, 2026	35	$249.32	$950.68	$1,200.00	$35,313.51
May, 2026	36	$242.78	$957.22	$1,200.00	$34,356.29
Jun, 2026	37	$236.20	$963.80	$1,200.00	$33,392.49
Jul, 2026	38	$229.57	$970.43	$1,200.00	$32,422.06
Aug, 2026	39	$222.90	$977.10	$1,200.00	$31,444.97
Sep, 2026	40	$216.18	$983.82	$1,200.00	$30,461.15
Oct, 2026	41	$209.42	$990.58	$1,200.00	$29,470.57
Nov, 2026	42	$202.61	$997.39	$1,200.00	$28,473.18
Dec, 2026	43	$195.75	$1,004.25	$1,200.00	$27,468.93
Jan, 2027	44	$188.85	$1,011.15	$1,200.00	$26,457.78
Feb, 2027	45	$181.90	$1,018.10	$1,200.00	$25,439.68
Mar, 2027	46	$174.90	$1,025.10	$1,200.00	$24,414.58
Apr, 2027	47	$167.85	$1,032.15	$1,200.00	$23,382.43
May, 2027	48	$160.75	$1,039.25	$1,200.00	$22,343.18
Jun, 2027	49	$153.61	$1,046.39	$1,200.00	$21,296.79
Jul, 2027	50	$146.42	$1,053.58	$1,200.00	$20,243.21
Aug, 2027	51	$139.17	$1,060.83	$1,200.00	$19,182.38
Sep, 2027	52	$131.88	$1,068.12	$1,200.00	$18,114.26
Oct, 2027	53	$124.54	$1,075.46	$1,200.00	$17,038.79
Nov, 2027	54	$117.14	$1,082.86	$1,200.00	$15,955.94
Dec, 2027	55	$109.70	$1,090.30	$1,200.00	$14,865.63
Jan, 2028	56	$102.20	$1,097.80	$1,200.00	$13,767.83
Feb, 2028	57	$94.65	$1,105.35	$1,200.00	$12,662.49
Mar, 2028	58	$87.05	$1,112.95	$1,200.00	$11,549.54
Apr, 2028	59	$79.40	$1,120.60	$1,200.00	$10,428.95
May, 2028	60	$71.70	$1,128.30	$1,200.00	$9,300.64
Jun, 2028	61	$63.94	$1,136.06	$1,200.00	$8,164.59
Jul, 2028	62	$56.13	$1,143.87	$1,200.00	$7,020.72
Aug, 2028	63	$48.27	$1,151.73	$1,200.00	$5,868.99
Sep, 2028	64	$40.35	$1,159.65	$1,200.00	$4,709.33
Oct, 2028	65	$32.38	$1,167.62	$1,200.00	$3,541.71
Nov, 2028	66	$24.35	$1,175.65	$1,200.00	$2,366.06
Dec, 2028	67	$16.27	$1,183.73	$1,200.00	$1,182.33
Jan, 2029	68	$8.13	$1,182.33	$1,190.46	$0.00