Home Equity Loan Calculator
Calculate home equity loan or HELOC-style draw payments, total interest, amortization, early payoff, and rate comparisons.
Loan details
Adjust the numbers — results update instantly.
Payment method
Fixed monthly payment — 等额本息
180 months · type any years or pick a preset
1 = January … 12 = December
First payment: Nov 2026
Early repayment
Rate comparison
Results
Amortizing · $50,000.00 · 8.25% APR · 15 yr · starts Nov 2026
- Monthly payment
- $485.07
- Total interest
- $37,312.67
- Total paid
- $87,312.67
- Payoff date
- Oct 2041
- Payoff time
- 15 yr
- First payment
- Nov 2026
Rate comparison
Same method (Amortizing) and term — no extra payments.
| APR | Payment | Interest | Total paid |
|---|---|---|---|
| 8.25% | $485.07 | $37,312.67 | $87,312.67 |
| 9.25% | $514.60 | $42,626.64 | $92,626.64 |
| 10.25% | $544.98 | $48,094.37 | $98,094.37 |
Method comparison
Same loan amount, APR, and term — no extra payments · balloon due in 5 yr.
| Method | Payment | Interest | Total paid |
|---|---|---|---|
| 15 yr | $485.07 | $37,312.67 | $87,312.67 |
| 15 yr | $621.53 | $31,109.10 | $81,109.10 |
| 15 yr | $343.75+ balloon $50,000.00 | $61,875.00 | $111,875.00 |
| 12 yr 24 biweekly | $242.54 | $31,281.99 | $81,281.99 |
| 5 yr | $485.07+ balloon $39,548.28 | $18,652.48 | $68,652.48 |
Amortization schedule
Showing 24 of 180 periods
| # | Date | Payment | Principal | Interest | Extra | Balance |
|---|---|---|---|---|---|---|
| 1 | Nov 2026 | $485.07 | $141.32 | $343.75 | $0.00 | $49,858.68 |
| 2 | Dec 2026 | $485.07 | $142.29 | $342.78 | $0.00 | $49,716.39 |
| 3 | Jan 2027 | $485.07 | $143.27 | $341.80 | $0.00 | $49,573.12 |
| 4 | Feb 2027 | $485.07 | $144.25 | $340.82 | $0.00 | $49,428.87 |
| 5 | Mar 2027 | $485.07 | $145.25 | $339.82 | $0.00 | $49,283.62 |
| 6 | Apr 2027 | $485.07 | $146.25 | $338.82 | $0.00 | $49,137.37 |
| 7 | May 2027 | $485.07 | $147.25 | $337.82 | $0.00 | $48,990.12 |
| 8 | Jun 2027 | $485.07 | $148.26 | $336.81 | $0.00 | $48,841.86 |
| 9 | Jul 2027 | $485.07 | $149.28 | $335.79 | $0.00 | $48,692.58 |
| 10 | Aug 2027 | $485.07 | $150.31 | $334.76 | $0.00 | $48,542.27 |
| 11 | Sep 2027 | $485.07 | $151.34 | $333.73 | $0.00 | $48,390.93 |
| 12 | Oct 2027 | $485.07 | $152.38 | $332.69 | $0.00 | $48,238.55 |
| 13 | Nov 2027 | $485.07 | $153.43 | $331.64 | $0.00 | $48,085.12 |
| 14 | Dec 2027 | $485.07 | $154.48 | $330.59 | $0.00 | $47,930.64 |
| 15 | Jan 2028 | $485.07 | $155.55 | $329.52 | $0.00 | $47,775.09 |
| 16 | Feb 2028 | $485.07 | $156.62 | $328.45 | $0.00 | $47,618.47 |
| 17 | Mar 2028 | $485.07 | $157.69 | $327.38 | $0.00 | $47,460.78 |
| 18 | Apr 2028 | $485.07 | $158.78 | $326.29 | $0.00 | $47,302.00 |
| 19 | May 2028 | $485.07 | $159.87 | $325.20 | $0.00 | $47,142.13 |
| 20 | Jun 2028 | $485.07 | $160.97 | $324.10 | $0.00 | $46,981.16 |
| 21 | Jul 2028 | $485.07 | $162.07 | $323.00 | $0.00 | $46,819.09 |
| 22 | Aug 2028 | $485.07 | $163.19 | $321.88 | $0.00 | $46,655.90 |
| 23 | Sep 2028 | $485.07 | $164.31 | $320.76 | $0.00 | $46,491.59 |
| 24 | Oct 2028 | $485.07 | $165.44 | $319.63 | $0.00 | $46,326.15 |
Estimates only. Actual lender terms, fees, taxes, and insurance may differ. Not financial advice.
Home Equity FAQ
Is this for a home equity loan or a HELOC?
The calculator models a fixed-draw amortizing payment (typical home equity loan, or a HELOC after you convert a draw to fixed payments). Variable HELOC rates and interest-only periods need separate assumptions.
Why compare rates on a home equity loan?
Even a 1% APR difference can change total interest substantially on multi-year terms. Use the rate comparison table before locking a quote.