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Calculators / Finance / HELOC interest-only payment
HELOC interest-only payment calculator
Estimate an interest-only payment on a home-equity line balance.
On this page
Monthly interest-only payment333.33
Annual interest at unchanged balance4,000
Calculator controls
How to calculate
Estimate an interest-only payment on a home-equity line balance.
Monthly interest-only payment = balance*apr/1200; Annual interest at unchanged balance = balance*apr/100
Worked example
Outstanding balance: 50000; Annual interest (%): 8.
Monthly interest-only payment: 333.33 ; Annual interest at unchanged balance: 4,000 .
Assumptions and limits
HELOC rates commonly vary and repayment periods may require principal. This is not a lender schedule.
Results are rounded for display; calculations use unrounded values. Read our calculation methodology.
Understanding the result
Estimate an interest-only payment on a home-equity line balance. The displayed figures use the inputs and formula shown on this page.
When this tool is useful
Use the heloc interest-only payment to compare a scenario, check an estimate, or verify a manual calculation.
Understanding your inputs
| Input | What to enter |
|---|---|
| Outstanding balance | Enter a number of at least 0.000001 and no more than 1000000000000. |
| Annual interest (%) | Enter a number of at least 0 and no more than 100. |
Frequently asked questions
What should I check before using the heloc interest-only payment result?
HELOC rates commonly vary and repayment periods may require principal. This is not a lender schedule.
Is this heloc interest-only payment result exact?
It is exact for the stated mathematical model and entered values. Real-world results can differ when rates, timing, fees, definitions or measurement conditions differ.