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 |