Property and Real Estate - United States

    HELOC Calculator

    Estimate HELOC payment levels during draw period and repayment period using your planned balance.

    Tax year: 2026Last updated: May 23, 2026Draw vs repayment payment viewInterest-only baselinePayment-jump visibility
    Inputs

    Configure your scenario

    Enter HELOC terms to estimate draw-period and repayment-period payments.

    Draw payment

    $638

    Repay payment

    $781

    Payment jump

    $144

    Monthly increase at repayment

    Breakdown

    Detailed estimate

    Modeled drawn balance
    $90,000
    Draw-period payment (interest-only)
    $638
    Interest paid over draw period
    $76,500
    Repayment-period payment
    $781
    Estimated payment jump
    $144
    FAQ

    HELOC - quick answers

    Why does payment jump after draw period?+

    During draw period many plans require mostly interest. In repayment, principal must be repaid, so payment often rises.

    Are HELOC rates fixed?+

    Many HELOCs are variable-rate, so payment can change as rates reset.

    Sources & Act Reference

    HELOC payment references

    Draw period

    HELOC borrowers can generally borrow repeatedly during draw period, often with lower required payments.

    Repayment period

    Once draw period ends, borrowers repay full balance and monthly payments can rise materially.

    Rule Trace

    Applied rule and official references

    Applied rule: draw payment approximated as interest-only; repayment payment uses amortized principal+interest

    Compliance checklist

    Verify variable-rate margin, reset frequency, minimum draw, annual fees, and payoff terms in lender disclosures.

    Smart Insight

    Estimated payment jump at repayment start is $144 per month.