Repayment of a home equity line of credit requires that the borrower makes a monthly payment to the lender. For some home equity lines of credit, borrowers can make interest-only payments for a defined period, after which a repayment period begins. Interest-only payments are based on the outstanding loan balance and interest rate. During the repayment period, the payment includes both repayment of the loan principal, plus monthly interest on the outstanding balance. Loan payments for the repayment period are amortized so that the monthly payment remains the same throughout the repayment period, but during that time, the percentage of the amount that goes towards principal will increase as the outstanding mortgage balance decreases.
Calculate a Home Equity Line of Credit Payment
Calculate a Home Equity Line of Credit Payment
Loan Information
Loan Amount
$ 50,000
Draw Period Payment
$ 204.17
Repayment Period Payment
$ 527.89
Year | Interest Paid | Principal Paid | Ending Balance |
---|---|---|---|
0 | 0 | 0 | -50000.00 |
12 | 2450.00 | 0.00 | -50000.00 |
24 | 2450.00 | 0.00 | -50000.00 |
36 | 2450.00 | 0.00 | -50000.00 |
48 | 2450.00 | 0.00 | -50000.00 |
60 | 2450.00 | 0.00 | -50000.00 |
72 | 2450.00 | 0.00 | -50000.00 |
84 | 2450.00 | 0.00 | -50000.00 |
96 | 2450.00 | 0.00 | -50000.00 |
108 | 2450.00 | 0.00 | -50000.00 |
120 | 2450.00 | 0.00 | -50000.00 |
12 | 2361.56 | 3973.08 | -46026.92 |
24 | 2162.45 | 4172.20 | -41854.72 |
36 | 1953.35 | 4381.29 | -37473.43 |
48 | 1733.78 | 4600.86 | -32872.57 |
60 | 1503.21 | 4831.44 | -28041.13 |
72 | 1261.08 | 5073.57 | -22967.56 |
84 | 1006.81 | 5327.83 | -17639.73 |
96 | 739.81 | 5594.84 | -12044.89 |
108 | 459.42 | 5875.23 | -6169.67 |
120 | 164.98 | 6169.67 | -0.00 |
Month | Starting Balance ($) | Payment Made ($) | Interest Paid ($) | Principal Paid ($) | Ending Balance ($) |
---|---|---|---|---|---|
1 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
2 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
3 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
4 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
5 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
6 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
7 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
8 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
9 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
10 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
11 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
12 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
13 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
14 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
15 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
16 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
17 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
18 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
19 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
20 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
21 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
22 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
23 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
24 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
25 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
26 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
27 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
28 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
29 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
30 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
31 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
32 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
33 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
34 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
35 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
36 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
37 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
38 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
39 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
40 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
41 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
42 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
43 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
44 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
45 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
46 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
47 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
48 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
49 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
50 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
51 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
52 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
53 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
54 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
55 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
56 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
57 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
58 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
59 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
60 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
61 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
62 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
63 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
64 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
65 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
66 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
67 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
68 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
69 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
70 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
71 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
72 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
73 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
74 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
75 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
76 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
77 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
78 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
79 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
80 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
81 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
82 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
83 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
84 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
85 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
86 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
87 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
88 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
89 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
90 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
91 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
92 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
93 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
94 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
95 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
96 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
97 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
98 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
99 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
100 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
101 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
102 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
103 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
104 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
105 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
106 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
107 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
108 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
109 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
110 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
111 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
112 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
113 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
114 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
115 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
116 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
117 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
118 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
119 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
120 | 50000.00 | 204.17 | 204.17 | 0.00 | 50000.00 |
121 | 50000.00 | 527.89 | 204.17 | 323.72 | 49676.28 |
122 | 49676.28 | 527.89 | 202.84 | 325.04 | 49351.24 |
123 | 49351.24 | 527.89 | 201.52 | 326.37 | 49024.87 |
124 | 49024.87 | 527.89 | 200.18 | 327.70 | 48697.17 |
125 | 48697.17 | 527.89 | 198.85 | 329.04 | 48368.13 |
126 | 48368.13 | 527.89 | 197.50 | 330.38 | 48037.74 |
127 | 48037.74 | 527.89 | 196.15 | 331.73 | 47706.01 |
128 | 47706.01 | 527.89 | 194.80 | 333.09 | 47372.92 |
129 | 47372.92 | 527.89 | 193.44 | 334.45 | 47038.47 |
130 | 47038.47 | 527.89 | 192.07 | 335.81 | 46702.66 |
131 | 46702.66 | 527.89 | 190.70 | 337.18 | 46365.48 |
132 | 46365.48 | 527.89 | 189.33 | 338.56 | 46026.92 |
133 | 46026.92 | 527.89 | 187.94 | 339.94 | 45686.97 |
134 | 45686.97 | 527.89 | 186.56 | 341.33 | 45345.64 |
135 | 45345.64 | 527.89 | 185.16 | 342.73 | 45002.91 |
136 | 45002.91 | 527.89 | 183.76 | 344.13 | 44658.79 |
137 | 44658.79 | 527.89 | 182.36 | 345.53 | 44313.26 |
138 | 44313.26 | 527.89 | 180.95 | 346.94 | 43966.32 |
139 | 43966.32 | 527.89 | 179.53 | 348.36 | 43617.96 |
140 | 43617.96 | 527.89 | 178.11 | 349.78 | 43268.18 |
141 | 43268.18 | 527.89 | 176.68 | 351.21 | 42916.97 |
142 | 42916.97 | 527.89 | 175.24 | 352.64 | 42564.33 |
143 | 42564.33 | 527.89 | 173.80 | 354.08 | 42210.25 |
144 | 42210.25 | 527.89 | 172.36 | 355.53 | 41854.72 |
145 | 41854.72 | 527.89 | 170.91 | 356.98 | 41497.74 |
146 | 41497.74 | 527.89 | 169.45 | 358.44 | 41139.30 |
147 | 41139.30 | 527.89 | 167.99 | 359.90 | 40779.40 |
148 | 40779.40 | 527.89 | 166.52 | 361.37 | 40418.03 |
149 | 40418.03 | 527.89 | 165.04 | 362.85 | 40055.18 |
150 | 40055.18 | 527.89 | 163.56 | 364.33 | 39690.85 |
151 | 39690.85 | 527.89 | 162.07 | 365.82 | 39325.04 |
152 | 39325.04 | 527.89 | 160.58 | 367.31 | 38957.73 |
153 | 38957.73 | 527.89 | 159.08 | 368.81 | 38588.92 |
154 | 38588.92 | 527.89 | 157.57 | 370.32 | 38218.60 |
155 | 38218.60 | 527.89 | 156.06 | 371.83 | 37846.77 |
156 | 37846.77 | 527.89 | 154.54 | 373.35 | 37473.43 |
157 | 37473.43 | 527.89 | 153.02 | 374.87 | 37098.56 |
158 | 37098.56 | 527.89 | 151.49 | 376.40 | 36722.15 |
159 | 36722.15 | 527.89 | 149.95 | 377.94 | 36344.22 |
160 | 36344.22 | 527.89 | 148.41 | 379.48 | 35964.74 |
161 | 35964.74 | 527.89 | 146.86 | 381.03 | 35583.70 |
162 | 35583.70 | 527.89 | 145.30 | 382.59 | 35201.12 |
163 | 35201.12 | 527.89 | 143.74 | 384.15 | 34816.97 |
164 | 34816.97 | 527.89 | 142.17 | 385.72 | 34431.25 |
165 | 34431.25 | 527.89 | 140.59 | 387.29 | 34043.96 |
166 | 34043.96 | 527.89 | 139.01 | 388.87 | 33655.08 |
167 | 33655.08 | 527.89 | 137.42 | 390.46 | 33264.62 |
168 | 33264.62 | 527.89 | 135.83 | 392.06 | 32872.57 |
169 | 32872.57 | 527.89 | 134.23 | 393.66 | 32478.91 |
170 | 32478.91 | 527.89 | 132.62 | 395.26 | 32083.64 |
171 | 32083.64 | 527.89 | 131.01 | 396.88 | 31686.76 |
172 | 31686.76 | 527.89 | 129.39 | 398.50 | 31288.27 |
173 | 31288.27 | 527.89 | 127.76 | 400.13 | 30888.14 |
174 | 30888.14 | 527.89 | 126.13 | 401.76 | 30486.38 |
175 | 30486.38 | 527.89 | 124.49 | 403.40 | 30082.98 |
176 | 30082.98 | 527.89 | 122.84 | 405.05 | 29677.93 |
177 | 29677.93 | 527.89 | 121.18 | 406.70 | 29271.23 |
178 | 29271.23 | 527.89 | 119.52 | 408.36 | 28862.86 |
179 | 28862.86 | 527.89 | 117.86 | 410.03 | 28452.83 |
180 | 28452.83 | 527.89 | 116.18 | 411.70 | 28041.13 |
181 | 28041.13 | 527.89 | 114.50 | 413.39 | 27627.74 |
182 | 27627.74 | 527.89 | 112.81 | 415.07 | 27212.67 |
183 | 27212.67 | 527.89 | 111.12 | 416.77 | 26795.90 |
184 | 26795.90 | 527.89 | 109.42 | 418.47 | 26377.43 |
185 | 26377.43 | 527.89 | 107.71 | 420.18 | 25957.25 |
186 | 25957.25 | 527.89 | 105.99 | 421.89 | 25535.36 |
187 | 25535.36 | 527.89 | 104.27 | 423.62 | 25111.74 |
188 | 25111.74 | 527.89 | 102.54 | 425.35 | 24686.39 |
189 | 24686.39 | 527.89 | 100.80 | 427.08 | 24259.31 |
190 | 24259.31 | 527.89 | 99.06 | 428.83 | 23830.48 |
191 | 23830.48 | 527.89 | 97.31 | 430.58 | 23399.90 |
192 | 23399.90 | 527.89 | 95.55 | 432.34 | 22967.56 |
193 | 22967.56 | 527.89 | 93.78 | 434.10 | 22533.46 |
194 | 22533.46 | 527.89 | 92.01 | 435.88 | 22097.58 |
195 | 22097.58 | 527.89 | 90.23 | 437.66 | 21659.93 |
196 | 21659.93 | 527.89 | 88.44 | 439.44 | 21220.49 |
197 | 21220.49 | 527.89 | 86.65 | 441.24 | 20779.25 |
198 | 20779.25 | 527.89 | 84.85 | 443.04 | 20336.21 |
199 | 20336.21 | 527.89 | 83.04 | 444.85 | 19891.37 |
200 | 19891.37 | 527.89 | 81.22 | 446.66 | 19444.70 |
201 | 19444.70 | 527.89 | 79.40 | 448.49 | 18996.21 |
202 | 18996.21 | 527.89 | 77.57 | 450.32 | 18545.89 |
203 | 18545.89 | 527.89 | 75.73 | 452.16 | 18093.74 |
204 | 18093.74 | 527.89 | 73.88 | 454.00 | 17639.73 |
205 | 17639.73 | 527.89 | 72.03 | 455.86 | 17183.87 |
206 | 17183.87 | 527.89 | 70.17 | 457.72 | 16726.15 |
207 | 16726.15 | 527.89 | 68.30 | 459.59 | 16266.57 |
208 | 16266.57 | 527.89 | 66.42 | 461.47 | 15805.10 |
209 | 15805.10 | 527.89 | 64.54 | 463.35 | 15341.75 |
210 | 15341.75 | 527.89 | 62.65 | 465.24 | 14876.51 |
211 | 14876.51 | 527.89 | 60.75 | 467.14 | 14409.37 |
212 | 14409.37 | 527.89 | 58.84 | 469.05 | 13940.32 |
213 | 13940.32 | 527.89 | 56.92 | 470.96 | 13469.36 |
214 | 13469.36 | 527.89 | 55.00 | 472.89 | 12996.47 |
215 | 12996.47 | 527.89 | 53.07 | 474.82 | 12521.65 |
216 | 12521.65 | 527.89 | 51.13 | 476.76 | 12044.89 |
217 | 12044.89 | 527.89 | 49.18 | 478.70 | 11566.19 |
218 | 11566.19 | 527.89 | 47.23 | 480.66 | 11085.53 |
219 | 11085.53 | 527.89 | 45.27 | 482.62 | 10602.91 |
220 | 10602.91 | 527.89 | 43.30 | 484.59 | 10118.32 |
221 | 10118.32 | 527.89 | 41.32 | 486.57 | 9631.75 |
222 | 9631.75 | 527.89 | 39.33 | 488.56 | 9143.19 |
223 | 9143.19 | 527.89 | 37.33 | 490.55 | 8652.64 |
224 | 8652.64 | 527.89 | 35.33 | 492.56 | 8160.08 |
225 | 8160.08 | 527.89 | 33.32 | 494.57 | 7665.52 |
226 | 7665.52 | 527.89 | 31.30 | 496.59 | 7168.93 |
227 | 7168.93 | 527.89 | 29.27 | 498.61 | 6670.32 |
228 | 6670.32 | 527.89 | 27.24 | 500.65 | 6169.67 |
229 | 6169.67 | 527.89 | 25.19 | 502.69 | 5666.97 |
230 | 5666.97 | 527.89 | 23.14 | 504.75 | 5162.23 |
231 | 5162.23 | 527.89 | 21.08 | 506.81 | 4655.42 |
232 | 4655.42 | 527.89 | 19.01 | 508.88 | 4146.54 |
233 | 4146.54 | 527.89 | 16.93 | 510.96 | 3635.59 |
234 | 3635.59 | 527.89 | 14.85 | 513.04 | 3122.54 |
235 | 3122.54 | 527.89 | 12.75 | 515.14 | 2607.41 |
236 | 2607.41 | 527.89 | 10.65 | 517.24 | 2090.17 |
237 | 2090.17 | 527.89 | 8.53 | 519.35 | 1570.82 |
238 | 1570.82 | 527.89 | 6.41 | 521.47 | 1049.34 |
239 | 1049.34 | 527.89 | 4.28 | 523.60 | 525.74 |
240 | 525.74 | 527.89 | 2.15 | 525.74 | 0.00 |