HELOC Calculator


HELOC Extra Payment Calculator


HELOC Extra Payment Calculator with amortization schedule is useful for borrowers to calculate the interest savings from additional payments on their HELOC each month.

HELOC Calculator With Extra Payments

Current Balance
$
Interest Rate
Current Monthly Payment
$
Extra Monthly Payment
$

Original vs. HELOC Payoff

Original HELOC Payoff
Monthly Payment
$700.00
$1,000.00
Expected Payoff Time
162 months
95 months
Total Interest
$40,882.72 $22,784.37
Total Principal
$72,000.00 $72,000.00
Total Payment
$112,882.72 $94,784.37
Total Interest Savings
$0 $18,098.35
Payoff Date
Sep, 2037 Feb, 2032

HELOC Extra Payment Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Apr, 2024 1 $435.00 $565.00 $1,000.00 $71,435.00
May, 2024 2 $431.59 $568.41 $1,000.00 $70,866.59
Jun, 2024 3 $428.15 $571.85 $1,000.00 $70,294.74
Jul, 2024 4 $424.70 $575.30 $1,000.00 $69,719.44
Aug, 2024 5 $421.22 $578.78 $1,000.00 $69,140.66
Sep, 2024 6 $417.72 $582.28 $1,000.00 $68,558.38
Oct, 2024 7 $414.21 $585.79 $1,000.00 $67,972.59
Nov, 2024 8 $410.67 $589.33 $1,000.00 $67,383.26
Dec, 2024 9 $407.11 $592.89 $1,000.00 $66,790.36
Jan, 2025 10 $403.53 $596.47 $1,000.00 $66,193.89
Feb, 2025 11 $399.92 $600.08 $1,000.00 $65,593.81
Mar, 2025 12 $396.30 $603.70 $1,000.00 $64,990.11
Apr, 2025 13 $392.65 $607.35 $1,000.00 $64,382.76
May, 2025 14 $388.98 $611.02 $1,000.00 $63,771.73
Jun, 2025 15 $385.29 $614.71 $1,000.00 $63,157.02
Jul, 2025 16 $381.57 $618.43 $1,000.00 $62,538.60
Aug, 2025 17 $377.84 $622.16 $1,000.00 $61,916.43
Sep, 2025 18 $374.08 $625.92 $1,000.00 $61,290.51
Oct, 2025 19 $370.30 $629.70 $1,000.00 $60,660.81
Nov, 2025 20 $366.49 $633.51 $1,000.00 $60,027.30
Dec, 2025 21 $362.66 $637.34 $1,000.00 $59,389.97
Jan, 2026 22 $358.81 $641.19 $1,000.00 $58,748.78
Feb, 2026 23 $354.94 $645.06 $1,000.00 $58,103.72
Mar, 2026 24 $351.04 $648.96 $1,000.00 $57,454.76
Apr, 2026 25 $347.12 $652.88 $1,000.00 $56,801.89
May, 2026 26 $343.18 $656.82 $1,000.00 $56,145.06
Jun, 2026 27 $339.21 $660.79 $1,000.00 $55,484.27
Jul, 2026 28 $335.22 $664.78 $1,000.00 $54,819.49
Aug, 2026 29 $331.20 $668.80 $1,000.00 $54,150.69
Sep, 2026 30 $327.16 $672.84 $1,000.00 $53,477.85
Oct, 2026 31 $323.10 $676.90 $1,000.00 $52,800.95
Nov, 2026 32 $319.01 $680.99 $1,000.00 $52,119.95
Dec, 2026 33 $314.89 $685.11 $1,000.00 $51,434.85
Jan, 2027 34 $310.75 $689.25 $1,000.00 $50,745.60
Feb, 2027 35 $306.59 $693.41 $1,000.00 $50,052.19
Mar, 2027 36 $302.40 $697.60 $1,000.00 $49,354.58
Apr, 2027 37 $298.18 $701.82 $1,000.00 $48,652.77
May, 2027 38 $293.94 $706.06 $1,000.00 $47,946.71
Jun, 2027 39 $289.68 $710.32 $1,000.00 $47,236.39
Jul, 2027 40 $285.39 $714.61 $1,000.00 $46,521.78
Aug, 2027 41 $281.07 $718.93 $1,000.00 $45,802.85
Sep, 2027 42 $276.73 $723.27 $1,000.00 $45,079.57
Oct, 2027 43 $272.36 $727.64 $1,000.00 $44,351.93
Nov, 2027 44 $267.96 $732.04 $1,000.00 $43,619.89
Dec, 2027 45 $263.54 $736.46 $1,000.00 $42,883.42
Jan, 2028 46 $259.09 $740.91 $1,000.00 $42,142.51
Feb, 2028 47 $254.61 $745.39 $1,000.00 $41,397.12
Mar, 2028 48 $250.11 $749.89 $1,000.00 $40,647.23
Apr, 2028 49 $245.58 $754.42 $1,000.00 $39,892.81
May, 2028 50 $241.02 $758.98 $1,000.00 $39,133.83
Jun, 2028 51 $236.43 $763.57 $1,000.00 $38,370.26
Jul, 2028 52 $231.82 $768.18 $1,000.00 $37,602.08
Aug, 2028 53 $227.18 $772.82 $1,000.00 $36,829.26
Sep, 2028 54 $222.51 $777.49 $1,000.00 $36,051.77
Oct, 2028 55 $217.81 $782.19 $1,000.00 $35,269.58
Nov, 2028 56 $213.09 $786.91 $1,000.00 $34,482.67
Dec, 2028 57 $208.33 $791.67 $1,000.00 $33,691.00
Jan, 2029 58 $203.55 $796.45 $1,000.00 $32,894.55
Feb, 2029 59 $198.74 $801.26 $1,000.00 $32,093.29
Mar, 2029 60 $193.90 $806.10 $1,000.00 $31,287.19
Apr, 2029 61 $189.03 $810.97 $1,000.00 $30,476.21
May, 2029 62 $184.13 $815.87 $1,000.00 $29,660.34
Jun, 2029 63 $179.20 $820.80 $1,000.00 $28,839.54
Jul, 2029 64 $174.24 $825.76 $1,000.00 $28,013.78
Aug, 2029 65 $169.25 $830.75 $1,000.00 $27,183.03
Sep, 2029 66 $164.23 $835.77 $1,000.00 $26,347.26
Oct, 2029 67 $159.18 $840.82 $1,000.00 $25,506.44
Nov, 2029 68 $154.10 $845.90 $1,000.00 $24,660.54
Dec, 2029 69 $148.99 $851.01 $1,000.00 $23,809.53
Jan, 2030 70 $143.85 $856.15 $1,000.00 $22,953.38
Feb, 2030 71 $138.68 $861.32 $1,000.00 $22,092.06
Mar, 2030 72 $133.47 $866.53 $1,000.00 $21,225.53
Apr, 2030 73 $128.24 $871.76 $1,000.00 $20,353.77
May, 2030 74 $122.97 $877.03 $1,000.00 $19,476.74
Jun, 2030 75 $117.67 $882.33 $1,000.00 $18,594.41
Jul, 2030 76 $112.34 $887.66 $1,000.00 $17,706.75
Aug, 2030 77 $106.98 $893.02 $1,000.00 $16,813.73
Sep, 2030 78 $101.58 $898.42 $1,000.00 $15,915.31
Oct, 2030 79 $96.16 $903.84 $1,000.00 $15,011.47
Nov, 2030 80 $90.69 $909.31 $1,000.00 $14,102.16
Dec, 2030 81 $85.20 $914.80 $1,000.00 $13,187.36
Jan, 2031 82 $79.67 $920.33 $1,000.00 $12,267.04
Feb, 2031 83 $74.11 $925.89 $1,000.00 $11,341.15
Mar, 2031 84 $68.52 $931.48 $1,000.00 $10,409.67
Apr, 2031 85 $62.89 $937.11 $1,000.00 $9,472.56
May, 2031 86 $57.23 $942.77 $1,000.00 $8,529.79
Jun, 2031 87 $51.53 $948.47 $1,000.00 $7,581.32
Jul, 2031 88 $45.80 $954.20 $1,000.00 $6,627.13
Aug, 2031 89 $40.04 $959.96 $1,000.00 $5,667.17
Sep, 2031 90 $34.24 $965.76 $1,000.00 $4,701.41
Oct, 2031 91 $28.40 $971.60 $1,000.00 $3,729.81
Nov, 2031 92 $22.53 $977.47 $1,000.00 $2,752.35
Dec, 2031 93 $16.63 $983.37 $1,000.00 $1,768.97
Jan, 2032 94 $10.69 $989.31 $1,000.00 $779.66
Feb, 2032 95 $4.71 $779.66 $784.37 $0.00


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