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.

HELOC Extra Payment Calculator
Current Balance	$
Interest Rate
Current Monthly Payment	$
Extra Monthly Payment	$
	OR
Desired Payoff Years	years

Original vs. HELOC Payoff
		Original		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		Jan, 2031		Jun, 2029
HELOC Payoff Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Nov, 2023	1	$446.88	$753.13	$1,200.00	$64,246.88
Dec, 2023	2	$441.70	$758.30	$1,200.00	$63,488.57
Jan, 2024	3	$436.48	$763.52	$1,200.00	$62,725.06
Feb, 2024	4	$431.23	$768.77	$1,200.00	$61,956.29
Mar, 2024	5	$425.95	$774.05	$1,200.00	$61,182.24
Apr, 2024	6	$420.63	$779.37	$1,200.00	$60,402.87
May, 2024	7	$415.27	$784.73	$1,200.00	$59,618.14
Jun, 2024	8	$409.87	$790.13	$1,200.00	$58,828.01
Jul, 2024	9	$404.44	$795.56	$1,200.00	$58,032.46
Aug, 2024	10	$398.97	$801.03	$1,200.00	$57,231.43
Sep, 2024	11	$393.47	$806.53	$1,200.00	$56,424.89
Oct, 2024	12	$387.92	$812.08	$1,200.00	$55,612.82
Nov, 2024	13	$382.34	$817.66	$1,200.00	$54,795.15
Dec, 2024	14	$376.72	$823.28	$1,200.00	$53,971.87
Jan, 2025	15	$371.06	$828.94	$1,200.00	$53,142.93
Feb, 2025	16	$365.36	$834.64	$1,200.00	$52,308.28
Mar, 2025	17	$359.62	$840.38	$1,200.00	$51,467.90
Apr, 2025	18	$353.84	$846.16	$1,200.00	$50,621.75
May, 2025	19	$348.02	$851.98	$1,200.00	$49,769.77
Jun, 2025	20	$342.17	$857.83	$1,200.00	$48,911.94
Jul, 2025	21	$336.27	$863.73	$1,200.00	$48,048.21
Aug, 2025	22	$330.33	$869.67	$1,200.00	$47,178.54
Sep, 2025	23	$324.35	$875.65	$1,200.00	$46,302.89
Oct, 2025	24	$318.33	$881.67	$1,200.00	$45,421.22
Nov, 2025	25	$312.27	$887.73	$1,200.00	$44,533.49
Dec, 2025	26	$306.17	$893.83	$1,200.00	$43,639.66
Jan, 2026	27	$300.02	$899.98	$1,200.00	$42,739.68
Feb, 2026	28	$293.84	$906.16	$1,200.00	$41,833.52
Mar, 2026	29	$287.61	$912.39	$1,200.00	$40,921.13
Apr, 2026	30	$281.33	$918.67	$1,200.00	$40,002.46
May, 2026	31	$275.02	$924.98	$1,200.00	$39,077.48
Jun, 2026	32	$268.66	$931.34	$1,200.00	$38,146.13
Jul, 2026	33	$262.25	$937.75	$1,200.00	$37,208.39
Aug, 2026	34	$255.81	$944.19	$1,200.00	$36,264.20
Sep, 2026	35	$249.32	$950.68	$1,200.00	$35,313.51
Oct, 2026	36	$242.78	$957.22	$1,200.00	$34,356.29
Nov, 2026	37	$236.20	$963.80	$1,200.00	$33,392.49
Dec, 2026	38	$229.57	$970.43	$1,200.00	$32,422.06
Jan, 2027	39	$222.90	$977.10	$1,200.00	$31,444.97
Feb, 2027	40	$216.18	$983.82	$1,200.00	$30,461.15
Mar, 2027	41	$209.42	$990.58	$1,200.00	$29,470.57
Apr, 2027	42	$202.61	$997.39	$1,200.00	$28,473.18
May, 2027	43	$195.75	$1,004.25	$1,200.00	$27,468.93
Jun, 2027	44	$188.85	$1,011.15	$1,200.00	$26,457.78
Jul, 2027	45	$181.90	$1,018.10	$1,200.00	$25,439.68
Aug, 2027	46	$174.90	$1,025.10	$1,200.00	$24,414.58
Sep, 2027	47	$167.85	$1,032.15	$1,200.00	$23,382.43
Oct, 2027	48	$160.75	$1,039.25	$1,200.00	$22,343.18
Nov, 2027	49	$153.61	$1,046.39	$1,200.00	$21,296.79
Dec, 2027	50	$146.42	$1,053.58	$1,200.00	$20,243.21
Jan, 2028	51	$139.17	$1,060.83	$1,200.00	$19,182.38
Feb, 2028	52	$131.88	$1,068.12	$1,200.00	$18,114.26
Mar, 2028	53	$124.54	$1,075.46	$1,200.00	$17,038.79
Apr, 2028	54	$117.14	$1,082.86	$1,200.00	$15,955.94
May, 2028	55	$109.70	$1,090.30	$1,200.00	$14,865.63
Jun, 2028	56	$102.20	$1,097.80	$1,200.00	$13,767.83
Jul, 2028	57	$94.65	$1,105.35	$1,200.00	$12,662.49
Aug, 2028	58	$87.05	$1,112.95	$1,200.00	$11,549.54
Sep, 2028	59	$79.40	$1,120.60	$1,200.00	$10,428.95
Oct, 2028	60	$71.70	$1,128.30	$1,200.00	$9,300.64
Nov, 2028	61	$63.94	$1,136.06	$1,200.00	$8,164.59
Dec, 2028	62	$56.13	$1,143.87	$1,200.00	$7,020.72
Jan, 2029	63	$48.27	$1,151.73	$1,200.00	$5,868.99
Feb, 2029	64	$40.35	$1,159.65	$1,200.00	$4,709.33
Mar, 2029	65	$32.38	$1,167.62	$1,200.00	$3,541.71
Apr, 2029	66	$24.35	$1,175.65	$1,200.00	$2,366.06
May, 2029	67	$16.27	$1,183.73	$1,200.00	$1,182.33
Jun, 2029	68	$8.13	$1,182.33	$1,190.46	$0.00

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