Interest-Only Payment Calculator
Calculate your interest-only payments during the HELOC draw period. Understand how your balance and payments will change over time.
HELOC Details
Enter your HELOC terms and current balance
Draw Schedule
Monthly draw amount and rate type
Interest Payment Summary
$0.00
Avg Monthly Interest
$0.00
Total Interest Paid
Final Balance:$0.00
Average Balance:$0.00
Available Credit:$100,000.00
Balance Growth Over Time
Monthly Interest Payments
Important Notes
Interest-Only Period
- • Only interest payments required during draw period
- • Principal balance increases with each draw
- • No principal reduction during this phase
- • Payments will increase as balance grows
After Draw Period
- • Repayment period begins (typically 10-20 years)
- • Principal + interest payments required
- • Monthly payments will be significantly higher
- • No additional draws allowed