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
$ 249.58
Repayment Period Payment
$ 554.85
Year | Interest Paid | Principal Paid | Ending Balance |
---|---|---|---|
0 | 0 | 0 | -50000.00 |
12 | 2995.00 | 0.00 | -50000.00 |
24 | 2995.00 | 0.00 | -50000.00 |
36 | 2995.00 | 0.00 | -50000.00 |
48 | 2995.00 | 0.00 | -50000.00 |
60 | 2995.00 | 0.00 | -50000.00 |
72 | 2995.00 | 0.00 | -50000.00 |
84 | 2995.00 | 0.00 | -50000.00 |
96 | 2995.00 | 0.00 | -50000.00 |
108 | 2995.00 | 0.00 | -50000.00 |
120 | 2995.00 | 0.00 | -50000.00 |
12 | 2892.74 | 3765.48 | -46234.52 |
24 | 2660.89 | 3997.33 | -42237.19 |
36 | 2414.76 | 4243.45 | -37993.74 |
48 | 2153.49 | 4504.73 | -33489.00 |
60 | 1876.12 | 4782.10 | -28706.91 |
72 | 1581.67 | 5076.54 | -23630.36 |
84 | 1269.10 | 5389.12 | -18241.25 |
96 | 937.28 | 5720.94 | -12520.31 |
108 | 585.03 | 6073.19 | -6447.13 |
120 | 211.09 | 6447.13 | -0.00 |
Month | Starting Balance ($) | Payment Made ($) | Interest Paid ($) | Principal Paid ($) | Ending Balance ($) |
---|---|---|---|---|---|
1 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
2 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
3 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
4 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
5 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
6 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
7 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
8 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
9 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
10 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
11 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
12 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
13 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
14 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
15 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
16 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
17 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
18 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
19 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
20 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
21 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
22 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
23 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
24 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
25 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
26 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
27 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
28 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
29 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
30 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
31 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
32 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
33 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
34 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
35 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
36 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
37 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
38 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
39 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
40 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
41 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
42 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
43 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
44 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
45 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
46 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
47 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
48 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
49 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
50 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
51 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
52 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
53 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
54 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
55 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
56 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
57 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
58 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
59 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
60 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
61 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
62 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
63 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
64 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
65 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
66 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
67 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
68 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
69 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
70 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
71 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
72 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
73 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
74 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
75 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
76 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
77 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
78 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
79 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
80 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
81 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
82 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
83 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
84 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
85 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
86 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
87 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
88 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
89 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
90 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
91 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
92 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
93 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
94 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
95 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
96 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
97 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
98 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
99 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
100 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
101 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
102 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
103 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
104 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
105 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
106 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
107 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
108 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
109 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
110 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
111 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
112 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
113 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
114 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
115 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
116 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
117 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
118 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
119 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
120 | 50000.00 | 249.58 | 249.58 | 0.00 | 50000.00 |
121 | 50000.00 | 554.85 | 249.58 | 305.27 | 49694.73 |
122 | 49694.73 | 554.85 | 248.06 | 306.79 | 49387.94 |
123 | 49387.94 | 554.85 | 246.53 | 308.32 | 49079.62 |
124 | 49079.62 | 554.85 | 244.99 | 309.86 | 48769.75 |
125 | 48769.75 | 554.85 | 243.44 | 311.41 | 48458.35 |
126 | 48458.35 | 554.85 | 241.89 | 312.96 | 48145.38 |
127 | 48145.38 | 554.85 | 240.33 | 314.53 | 47830.86 |
128 | 47830.86 | 554.85 | 238.76 | 316.10 | 47514.76 |
129 | 47514.76 | 554.85 | 237.18 | 317.67 | 47197.09 |
130 | 47197.09 | 554.85 | 235.59 | 319.26 | 46877.83 |
131 | 46877.83 | 554.85 | 234.00 | 320.85 | 46556.97 |
132 | 46556.97 | 554.85 | 232.40 | 322.45 | 46234.52 |
133 | 46234.52 | 554.85 | 230.79 | 324.06 | 45910.46 |
134 | 45910.46 | 554.85 | 229.17 | 325.68 | 45584.77 |
135 | 45584.77 | 554.85 | 227.54 | 327.31 | 45257.47 |
136 | 45257.47 | 554.85 | 225.91 | 328.94 | 44928.53 |
137 | 44928.53 | 554.85 | 224.27 | 330.58 | 44597.94 |
138 | 44597.94 | 554.85 | 222.62 | 332.23 | 44265.71 |
139 | 44265.71 | 554.85 | 220.96 | 333.89 | 43931.82 |
140 | 43931.82 | 554.85 | 219.29 | 335.56 | 43596.26 |
141 | 43596.26 | 554.85 | 217.62 | 337.23 | 43259.02 |
142 | 43259.02 | 554.85 | 215.93 | 338.92 | 42920.11 |
143 | 42920.11 | 554.85 | 214.24 | 340.61 | 42579.50 |
144 | 42579.50 | 554.85 | 212.54 | 342.31 | 42237.19 |
145 | 42237.19 | 554.85 | 210.83 | 344.02 | 41893.17 |
146 | 41893.17 | 554.85 | 209.12 | 345.73 | 41547.44 |
147 | 41547.44 | 554.85 | 207.39 | 347.46 | 41199.98 |
148 | 41199.98 | 554.85 | 205.66 | 349.19 | 40850.78 |
149 | 40850.78 | 554.85 | 203.91 | 350.94 | 40499.84 |
150 | 40499.84 | 554.85 | 202.16 | 352.69 | 40147.16 |
151 | 40147.16 | 554.85 | 200.40 | 354.45 | 39792.70 |
152 | 39792.70 | 554.85 | 198.63 | 356.22 | 39436.49 |
153 | 39436.49 | 554.85 | 196.85 | 358.00 | 39078.49 |
154 | 39078.49 | 554.85 | 195.07 | 359.78 | 38718.70 |
155 | 38718.70 | 554.85 | 193.27 | 361.58 | 38357.12 |
156 | 38357.12 | 554.85 | 191.47 | 363.39 | 37993.74 |
157 | 37993.74 | 554.85 | 189.65 | 365.20 | 37628.54 |
158 | 37628.54 | 554.85 | 187.83 | 367.02 | 37261.52 |
159 | 37261.52 | 554.85 | 186.00 | 368.85 | 36892.66 |
160 | 36892.66 | 554.85 | 184.16 | 370.70 | 36521.97 |
161 | 36521.97 | 554.85 | 182.31 | 372.55 | 36149.42 |
162 | 36149.42 | 554.85 | 180.45 | 374.41 | 35775.01 |
163 | 35775.01 | 554.85 | 178.58 | 376.27 | 35398.74 |
164 | 35398.74 | 554.85 | 176.70 | 378.15 | 35020.59 |
165 | 35020.59 | 554.85 | 174.81 | 380.04 | 34640.55 |
166 | 34640.55 | 554.85 | 172.91 | 381.94 | 34258.61 |
167 | 34258.61 | 554.85 | 171.01 | 383.84 | 33874.76 |
168 | 33874.76 | 554.85 | 169.09 | 385.76 | 33489.00 |
169 | 33489.00 | 554.85 | 167.17 | 387.69 | 33101.32 |
170 | 33101.32 | 554.85 | 165.23 | 389.62 | 32711.70 |
171 | 32711.70 | 554.85 | 163.29 | 391.57 | 32320.13 |
172 | 32320.13 | 554.85 | 161.33 | 393.52 | 31926.61 |
173 | 31926.61 | 554.85 | 159.37 | 395.48 | 31531.13 |
174 | 31531.13 | 554.85 | 157.39 | 397.46 | 31133.67 |
175 | 31133.67 | 554.85 | 155.41 | 399.44 | 30734.23 |
176 | 30734.23 | 554.85 | 153.42 | 401.44 | 30332.79 |
177 | 30332.79 | 554.85 | 151.41 | 403.44 | 29929.35 |
178 | 29929.35 | 554.85 | 149.40 | 405.45 | 29523.90 |
179 | 29523.90 | 554.85 | 147.37 | 407.48 | 29116.42 |
180 | 29116.42 | 554.85 | 145.34 | 409.51 | 28706.91 |
181 | 28706.91 | 554.85 | 143.30 | 411.56 | 28295.35 |
182 | 28295.35 | 554.85 | 141.24 | 413.61 | 27881.74 |
183 | 27881.74 | 554.85 | 139.18 | 415.68 | 27466.06 |
184 | 27466.06 | 554.85 | 137.10 | 417.75 | 27048.31 |
185 | 27048.31 | 554.85 | 135.02 | 419.84 | 26628.48 |
186 | 26628.48 | 554.85 | 132.92 | 421.93 | 26206.55 |
187 | 26206.55 | 554.85 | 130.81 | 424.04 | 25782.51 |
188 | 25782.51 | 554.85 | 128.70 | 426.15 | 25356.36 |
189 | 25356.36 | 554.85 | 126.57 | 428.28 | 24928.08 |
190 | 24928.08 | 554.85 | 124.43 | 430.42 | 24497.66 |
191 | 24497.66 | 554.85 | 122.28 | 432.57 | 24065.09 |
192 | 24065.09 | 554.85 | 120.12 | 434.73 | 23630.36 |
193 | 23630.36 | 554.85 | 117.95 | 436.90 | 23193.47 |
194 | 23193.47 | 554.85 | 115.77 | 439.08 | 22754.39 |
195 | 22754.39 | 554.85 | 113.58 | 441.27 | 22313.12 |
196 | 22313.12 | 554.85 | 111.38 | 443.47 | 21869.65 |
197 | 21869.65 | 554.85 | 109.17 | 445.69 | 21423.96 |
198 | 21423.96 | 554.85 | 106.94 | 447.91 | 20976.05 |
199 | 20976.05 | 554.85 | 104.71 | 450.15 | 20525.91 |
200 | 20525.91 | 554.85 | 102.46 | 452.39 | 20073.51 |
201 | 20073.51 | 554.85 | 100.20 | 454.65 | 19618.86 |
202 | 19618.86 | 554.85 | 97.93 | 456.92 | 19161.94 |
203 | 19161.94 | 554.85 | 95.65 | 459.20 | 18702.74 |
204 | 18702.74 | 554.85 | 93.36 | 461.49 | 18241.25 |
205 | 18241.25 | 554.85 | 91.05 | 463.80 | 17777.45 |
206 | 17777.45 | 554.85 | 88.74 | 466.11 | 17311.34 |
207 | 17311.34 | 554.85 | 86.41 | 468.44 | 16842.90 |
208 | 16842.90 | 554.85 | 84.07 | 470.78 | 16372.12 |
209 | 16372.12 | 554.85 | 81.72 | 473.13 | 15898.99 |
210 | 15898.99 | 554.85 | 79.36 | 475.49 | 15423.51 |
211 | 15423.51 | 554.85 | 76.99 | 477.86 | 14945.64 |
212 | 14945.64 | 554.85 | 74.60 | 480.25 | 14465.40 |
213 | 14465.40 | 554.85 | 72.21 | 482.65 | 13982.75 |
214 | 13982.75 | 554.85 | 69.80 | 485.05 | 13497.70 |
215 | 13497.70 | 554.85 | 67.38 | 487.48 | 13010.22 |
216 | 13010.22 | 554.85 | 64.94 | 489.91 | 12520.31 |
217 | 12520.31 | 554.85 | 62.50 | 492.35 | 12027.96 |
218 | 12027.96 | 554.85 | 60.04 | 494.81 | 11533.15 |
219 | 11533.15 | 554.85 | 57.57 | 497.28 | 11035.86 |
220 | 11035.86 | 554.85 | 55.09 | 499.76 | 10536.10 |
221 | 10536.10 | 554.85 | 52.59 | 502.26 | 10033.84 |
222 | 10033.84 | 554.85 | 50.09 | 504.77 | 9529.08 |
223 | 9529.08 | 554.85 | 47.57 | 507.29 | 9021.79 |
224 | 9021.79 | 554.85 | 45.03 | 509.82 | 8511.97 |
225 | 8511.97 | 554.85 | 42.49 | 512.36 | 7999.61 |
226 | 7999.61 | 554.85 | 39.93 | 514.92 | 7484.69 |
227 | 7484.69 | 554.85 | 37.36 | 517.49 | 6967.20 |
228 | 6967.20 | 554.85 | 34.78 | 520.07 | 6447.13 |
229 | 6447.13 | 554.85 | 32.18 | 522.67 | 5924.46 |
230 | 5924.46 | 554.85 | 29.57 | 525.28 | 5399.18 |
231 | 5399.18 | 554.85 | 26.95 | 527.90 | 4871.28 |
232 | 4871.28 | 554.85 | 24.32 | 530.54 | 4340.74 |
233 | 4340.74 | 554.85 | 21.67 | 533.18 | 3807.56 |
234 | 3807.56 | 554.85 | 19.01 | 535.85 | 3271.71 |
235 | 3271.71 | 554.85 | 16.33 | 538.52 | 2733.19 |
236 | 2733.19 | 554.85 | 13.64 | 541.21 | 2191.98 |
237 | 2191.98 | 554.85 | 10.94 | 543.91 | 1648.07 |
238 | 1648.07 | 554.85 | 8.23 | 546.62 | 1101.45 |
239 | 1101.45 | 554.85 | 5.50 | 549.35 | 552.10 |
240 | 552.10 | 554.85 | 2.76 | 552.10 | 0.00 |