Calculate a Home Equity Line of Credit Payment

Line of Credit Information
Loan Amount
Draw Period Payment
Repayment Period Payment
$ 50,000 $ 204.17 $ 527.89
Home Equity Line of Credit Payoff Schedule
YearInterest PaidPrincipal PaidEnding Balance
000-50000.00
1$ 2,450.00$ 0.00$ 50,000.00
2$ 2,450.00$ 0.00$ 50,000.00
3$ 2,450.00$ 0.00$ 50,000.00
4$ 2,450.00$ 0.00$ 50,000.00
5$ 2,450.00$ 0.00$ 50,000.00
6$ 2,450.00$ 0.00$ 50,000.00
7$ 2,450.00$ 0.00$ 50,000.00
8$ 2,450.00$ 0.00$ 50,000.00
9$ 2,450.00$ 0.00$ 50,000.00
10$ 2,450.00$ 0.00$ 50,000.00
11$ 2,361.56$ 3,973.08$ 46,026.92
12$ 2,162.45$ 4,172.20$ 41,854.72
13$ 1,953.35$ 4,381.29$ 37,473.43
14$ 1,733.78$ 4,600.86$ 32,872.57
15$ 1,503.21$ 4,831.44$ 28,041.13
16$ 1,261.08$ 5,073.57$ 22,967.56
17$ 1,006.81$ 5,327.83$ 17,639.73
18$ 739.81$ 5,594.84$ 12,044.89
19$ 459.42$ 5,875.23$ 6,169.67
20$ 164.98$ 6,169.67$ 0.00
Amortization Schedule
MonthStarting BalancePayment MadeInterest PaidPrincipal PaidEnding Balance
1$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
2$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
3$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
4$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
5$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
6$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
7$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
8$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
9$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
10$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
11$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
12$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
13$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
14$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
15$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
16$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
17$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
18$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
19$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
20$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
21$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
22$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
23$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
24$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
25$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
26$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
27$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
28$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
29$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
30$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
31$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
32$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
33$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
34$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
35$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
36$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
37$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
38$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
39$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
40$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
41$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
42$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
43$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
44$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
45$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
46$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
47$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
48$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
49$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
50$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
51$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
52$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
53$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
54$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
55$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
56$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
57$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
58$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
59$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
60$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
61$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
62$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
63$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
64$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
65$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
66$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
67$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
68$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
69$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
70$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
71$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
72$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
73$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
74$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
75$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
76$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
77$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
78$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
79$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
80$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
81$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
82$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
83$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
84$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
85$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
86$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
87$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
88$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
89$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
90$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
91$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
92$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
93$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
94$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
95$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
96$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
97$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
98$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
99$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
100$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
101$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
102$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
103$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
104$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
105$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
106$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
107$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
108$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
109$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
110$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
111$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
112$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
113$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
114$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
115$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
116$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
117$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
118$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
119$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
120$ 50,000.00$ 204.17$ 204.17$ 0.00$ 50,000.00
121$ 50,000.00$ 527.89$ 204.17$ 323.72$ 49,676.28
122$ 49,676.28$ 527.89$ 202.84$ 325.04$ 49,351.24
123$ 49,351.24$ 527.89$ 201.52$ 326.37$ 49,024.87
124$ 49,024.87$ 527.89$ 200.18$ 327.70$ 48,697.17
125$ 48,697.17$ 527.89$ 198.85$ 329.04$ 48,368.13
126$ 48,368.13$ 527.89$ 197.50$ 330.38$ 48,037.74
127$ 48,037.74$ 527.89$ 196.15$ 331.73$ 47,706.01
128$ 47,706.01$ 527.89$ 194.80$ 333.09$ 47,372.92
129$ 47,372.92$ 527.89$ 193.44$ 334.45$ 47,038.47
130$ 47,038.47$ 527.89$ 192.07$ 335.81$ 46,702.66
131$ 46,702.66$ 527.89$ 190.70$ 337.18$ 46,365.48
132$ 46,365.48$ 527.89$ 189.33$ 338.56$ 46,026.92
133$ 46,026.92$ 527.89$ 187.94$ 339.94$ 45,686.97
134$ 45,686.97$ 527.89$ 186.56$ 341.33$ 45,345.64
135$ 45,345.64$ 527.89$ 185.16$ 342.73$ 45,002.91
136$ 45,002.91$ 527.89$ 183.76$ 344.13$ 44,658.79
137$ 44,658.79$ 527.89$ 182.36$ 345.53$ 44,313.26
138$ 44,313.26$ 527.89$ 180.95$ 346.94$ 43,966.32
139$ 43,966.32$ 527.89$ 179.53$ 348.36$ 43,617.96
140$ 43,617.96$ 527.89$ 178.11$ 349.78$ 43,268.18
141$ 43,268.18$ 527.89$ 176.68$ 351.21$ 42,916.97
142$ 42,916.97$ 527.89$ 175.24$ 352.64$ 42,564.33
143$ 42,564.33$ 527.89$ 173.80$ 354.08$ 42,210.25
144$ 42,210.25$ 527.89$ 172.36$ 355.53$ 41,854.72
145$ 41,854.72$ 527.89$ 170.91$ 356.98$ 41,497.74
146$ 41,497.74$ 527.89$ 169.45$ 358.44$ 41,139.30
147$ 41,139.30$ 527.89$ 167.99$ 359.90$ 40,779.40
148$ 40,779.40$ 527.89$ 166.52$ 361.37$ 40,418.03
149$ 40,418.03$ 527.89$ 165.04$ 362.85$ 40,055.18
150$ 40,055.18$ 527.89$ 163.56$ 364.33$ 39,690.85
151$ 39,690.85$ 527.89$ 162.07$ 365.82$ 39,325.04
152$ 39,325.04$ 527.89$ 160.58$ 367.31$ 38,957.73
153$ 38,957.73$ 527.89$ 159.08$ 368.81$ 38,588.92
154$ 38,588.92$ 527.89$ 157.57$ 370.32$ 38,218.60
155$ 38,218.60$ 527.89$ 156.06$ 371.83$ 37,846.77
156$ 37,846.77$ 527.89$ 154.54$ 373.35$ 37,473.43
157$ 37,473.43$ 527.89$ 153.02$ 374.87$ 37,098.56
158$ 37,098.56$ 527.89$ 151.49$ 376.40$ 36,722.15
159$ 36,722.15$ 527.89$ 149.95$ 377.94$ 36,344.22
160$ 36,344.22$ 527.89$ 148.41$ 379.48$ 35,964.74
161$ 35,964.74$ 527.89$ 146.86$ 381.03$ 35,583.70
162$ 35,583.70$ 527.89$ 145.30$ 382.59$ 35,201.12
163$ 35,201.12$ 527.89$ 143.74$ 384.15$ 34,816.97
164$ 34,816.97$ 527.89$ 142.17$ 385.72$ 34,431.25
165$ 34,431.25$ 527.89$ 140.59$ 387.29$ 34,043.96
166$ 34,043.96$ 527.89$ 139.01$ 388.87$ 33,655.08
167$ 33,655.08$ 527.89$ 137.42$ 390.46$ 33,264.62
168$ 33,264.62$ 527.89$ 135.83$ 392.06$ 32,872.57
169$ 32,872.57$ 527.89$ 134.23$ 393.66$ 32,478.91
170$ 32,478.91$ 527.89$ 132.62$ 395.26$ 32,083.64
171$ 32,083.64$ 527.89$ 131.01$ 396.88$ 31,686.76
172$ 31,686.76$ 527.89$ 129.39$ 398.50$ 31,288.27
173$ 31,288.27$ 527.89$ 127.76$ 400.13$ 30,888.14
174$ 30,888.14$ 527.89$ 126.13$ 401.76$ 30,486.38
175$ 30,486.38$ 527.89$ 124.49$ 403.40$ 30,082.98
176$ 30,082.98$ 527.89$ 122.84$ 405.05$ 29,677.93
177$ 29,677.93$ 527.89$ 121.18$ 406.70$ 29,271.23
178$ 29,271.23$ 527.89$ 119.52$ 408.36$ 28,862.86
179$ 28,862.86$ 527.89$ 117.86$ 410.03$ 28,452.83
180$ 28,452.83$ 527.89$ 116.18$ 411.70$ 28,041.13
181$ 28,041.13$ 527.89$ 114.50$ 413.39$ 27,627.74
182$ 27,627.74$ 527.89$ 112.81$ 415.07$ 27,212.67
183$ 27,212.67$ 527.89$ 111.12$ 416.77$ 26,795.90
184$ 26,795.90$ 527.89$ 109.42$ 418.47$ 26,377.43
185$ 26,377.43$ 527.89$ 107.71$ 420.18$ 25,957.25
186$ 25,957.25$ 527.89$ 105.99$ 421.89$ 25,535.36
187$ 25,535.36$ 527.89$ 104.27$ 423.62$ 25,111.74
188$ 25,111.74$ 527.89$ 102.54$ 425.35$ 24,686.39
189$ 24,686.39$ 527.89$ 100.80$ 427.08$ 24,259.31
190$ 24,259.31$ 527.89$ 99.06$ 428.83$ 23,830.48
191$ 23,830.48$ 527.89$ 97.31$ 430.58$ 23,399.90
192$ 23,399.90$ 527.89$ 95.55$ 432.34$ 22,967.56
193$ 22,967.56$ 527.89$ 93.78$ 434.10$ 22,533.46
194$ 22,533.46$ 527.89$ 92.01$ 435.88$ 22,097.58
195$ 22,097.58$ 527.89$ 90.23$ 437.66$ 21,659.93
196$ 21,659.93$ 527.89$ 88.44$ 439.44$ 21,220.49
197$ 21,220.49$ 527.89$ 86.65$ 441.24$ 20,779.25
198$ 20,779.25$ 527.89$ 84.85$ 443.04$ 20,336.21
199$ 20,336.21$ 527.89$ 83.04$ 444.85$ 19,891.37
200$ 19,891.37$ 527.89$ 81.22$ 446.66$ 19,444.70
201$ 19,444.70$ 527.89$ 79.40$ 448.49$ 18,996.21
202$ 18,996.21$ 527.89$ 77.57$ 450.32$ 18,545.89
203$ 18,545.89$ 527.89$ 75.73$ 452.16$ 18,093.74
204$ 18,093.74$ 527.89$ 73.88$ 454.00$ 17,639.73
205$ 17,639.73$ 527.89$ 72.03$ 455.86$ 17,183.87
206$ 17,183.87$ 527.89$ 70.17$ 457.72$ 16,726.15
207$ 16,726.15$ 527.89$ 68.30$ 459.59$ 16,266.57
208$ 16,266.57$ 527.89$ 66.42$ 461.47$ 15,805.10
209$ 15,805.10$ 527.89$ 64.54$ 463.35$ 15,341.75
210$ 15,341.75$ 527.89$ 62.65$ 465.24$ 14,876.51
211$ 14,876.51$ 527.89$ 60.75$ 467.14$ 14,409.37
212$ 14,409.37$ 527.89$ 58.84$ 469.05$ 13,940.32
213$ 13,940.32$ 527.89$ 56.92$ 470.96$ 13,469.36
214$ 13,469.36$ 527.89$ 55.00$ 472.89$ 12,996.47
215$ 12,996.47$ 527.89$ 53.07$ 474.82$ 12,521.65
216$ 12,521.65$ 527.89$ 51.13$ 476.76$ 12,044.89
217$ 12,044.89$ 527.89$ 49.18$ 478.70$ 11,566.19
218$ 11,566.19$ 527.89$ 47.23$ 480.66$ 11,085.53
219$ 11,085.53$ 527.89$ 45.27$ 482.62$ 10,602.91
220$ 10,602.91$ 527.89$ 43.30$ 484.59$ 10,118.32
221$ 10,118.32$ 527.89$ 41.32$ 486.57$ 9,631.75
222$ 9,631.75$ 527.89$ 39.33$ 488.56$ 9,143.19
223$ 9,143.19$ 527.89$ 37.33$ 490.55$ 8,652.64
224$ 8,652.64$ 527.89$ 35.33$ 492.56$ 8,160.08
225$ 8,160.08$ 527.89$ 33.32$ 494.57$ 7,665.52
226$ 7,665.52$ 527.89$ 31.30$ 496.59$ 7,168.93
227$ 7,168.93$ 527.89$ 29.27$ 498.61$ 6,670.32
228$ 6,670.32$ 527.89$ 27.24$ 500.65$ 6,169.67
229$ 6,169.67$ 527.89$ 25.19$ 502.69$ 5,666.97
230$ 5,666.97$ 527.89$ 23.14$ 504.75$ 5,162.23
231$ 5,162.23$ 527.89$ 21.08$ 506.81$ 4,655.42
232$ 4,655.42$ 527.89$ 19.01$ 508.88$ 4,146.54
233$ 4,146.54$ 527.89$ 16.93$ 510.96$ 3,635.59
234$ 3,635.59$ 527.89$ 14.85$ 513.04$ 3,122.54
235$ 3,122.54$ 527.89$ 12.75$ 515.14$ 2,607.41
236$ 2,607.41$ 527.89$ 10.65$ 517.24$ 2,090.17
237$ 2,090.17$ 527.89$ 8.53$ 519.35$ 1,570.82
238$ 1,570.82$ 527.89$ 6.41$ 521.47$ 1,049.34
239$ 1,049.34$ 527.89$ 4.28$ 523.60$ 525.74
240$ 525.74$ 527.89$ 2.15$ 525.74$ 0.00

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.