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		Apr, 2039		Sep, 2033
HELOC Extra Payment Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Nov, 2025	1	$435.00	$565.00	$1,000.00	$71,435.00
Dec, 2025	2	$431.59	$568.41	$1,000.00	$70,866.59
Jan, 2026	3	$428.15	$571.85	$1,000.00	$70,294.74
Feb, 2026	4	$424.70	$575.30	$1,000.00	$69,719.44
Mar, 2026	5	$421.22	$578.78	$1,000.00	$69,140.66
Apr, 2026	6	$417.72	$582.28	$1,000.00	$68,558.38
May, 2026	7	$414.21	$585.79	$1,000.00	$67,972.59
Jun, 2026	8	$410.67	$589.33	$1,000.00	$67,383.26
Jul, 2026	9	$407.11	$592.89	$1,000.00	$66,790.36
Aug, 2026	10	$403.53	$596.47	$1,000.00	$66,193.89
Sep, 2026	11	$399.92	$600.08	$1,000.00	$65,593.81
Oct, 2026	12	$396.30	$603.70	$1,000.00	$64,990.11
Nov, 2026	13	$392.65	$607.35	$1,000.00	$64,382.76
Dec, 2026	14	$388.98	$611.02	$1,000.00	$63,771.73
Jan, 2027	15	$385.29	$614.71	$1,000.00	$63,157.02
Feb, 2027	16	$381.57	$618.43	$1,000.00	$62,538.60
Mar, 2027	17	$377.84	$622.16	$1,000.00	$61,916.43
Apr, 2027	18	$374.08	$625.92	$1,000.00	$61,290.51
May, 2027	19	$370.30	$629.70	$1,000.00	$60,660.81
Jun, 2027	20	$366.49	$633.51	$1,000.00	$60,027.30
Jul, 2027	21	$362.66	$637.34	$1,000.00	$59,389.97
Aug, 2027	22	$358.81	$641.19	$1,000.00	$58,748.78
Sep, 2027	23	$354.94	$645.06	$1,000.00	$58,103.72
Oct, 2027	24	$351.04	$648.96	$1,000.00	$57,454.76
Nov, 2027	25	$347.12	$652.88	$1,000.00	$56,801.89
Dec, 2027	26	$343.18	$656.82	$1,000.00	$56,145.06
Jan, 2028	27	$339.21	$660.79	$1,000.00	$55,484.27
Feb, 2028	28	$335.22	$664.78	$1,000.00	$54,819.49
Mar, 2028	29	$331.20	$668.80	$1,000.00	$54,150.69
Apr, 2028	30	$327.16	$672.84	$1,000.00	$53,477.85
May, 2028	31	$323.10	$676.90	$1,000.00	$52,800.95
Jun, 2028	32	$319.01	$680.99	$1,000.00	$52,119.95
Jul, 2028	33	$314.89	$685.11	$1,000.00	$51,434.85
Aug, 2028	34	$310.75	$689.25	$1,000.00	$50,745.60
Sep, 2028	35	$306.59	$693.41	$1,000.00	$50,052.19
Oct, 2028	36	$302.40	$697.60	$1,000.00	$49,354.58
Nov, 2028	37	$298.18	$701.82	$1,000.00	$48,652.77
Dec, 2028	38	$293.94	$706.06	$1,000.00	$47,946.71
Jan, 2029	39	$289.68	$710.32	$1,000.00	$47,236.39
Feb, 2029	40	$285.39	$714.61	$1,000.00	$46,521.78
Mar, 2029	41	$281.07	$718.93	$1,000.00	$45,802.85
Apr, 2029	42	$276.73	$723.27	$1,000.00	$45,079.57
May, 2029	43	$272.36	$727.64	$1,000.00	$44,351.93
Jun, 2029	44	$267.96	$732.04	$1,000.00	$43,619.89
Jul, 2029	45	$263.54	$736.46	$1,000.00	$42,883.42
Aug, 2029	46	$259.09	$740.91	$1,000.00	$42,142.51
Sep, 2029	47	$254.61	$745.39	$1,000.00	$41,397.12
Oct, 2029	48	$250.11	$749.89	$1,000.00	$40,647.23
Nov, 2029	49	$245.58	$754.42	$1,000.00	$39,892.81
Dec, 2029	50	$241.02	$758.98	$1,000.00	$39,133.83
Jan, 2030	51	$236.43	$763.57	$1,000.00	$38,370.26
Feb, 2030	52	$231.82	$768.18	$1,000.00	$37,602.08
Mar, 2030	53	$227.18	$772.82	$1,000.00	$36,829.26
Apr, 2030	54	$222.51	$777.49	$1,000.00	$36,051.77
May, 2030	55	$217.81	$782.19	$1,000.00	$35,269.58
Jun, 2030	56	$213.09	$786.91	$1,000.00	$34,482.67
Jul, 2030	57	$208.33	$791.67	$1,000.00	$33,691.00
Aug, 2030	58	$203.55	$796.45	$1,000.00	$32,894.55
Sep, 2030	59	$198.74	$801.26	$1,000.00	$32,093.29
Oct, 2030	60	$193.90	$806.10	$1,000.00	$31,287.19
Nov, 2030	61	$189.03	$810.97	$1,000.00	$30,476.21
Dec, 2030	62	$184.13	$815.87	$1,000.00	$29,660.34
Jan, 2031	63	$179.20	$820.80	$1,000.00	$28,839.54
Feb, 2031	64	$174.24	$825.76	$1,000.00	$28,013.78
Mar, 2031	65	$169.25	$830.75	$1,000.00	$27,183.03
Apr, 2031	66	$164.23	$835.77	$1,000.00	$26,347.26
May, 2031	67	$159.18	$840.82	$1,000.00	$25,506.44
Jun, 2031	68	$154.10	$845.90	$1,000.00	$24,660.54
Jul, 2031	69	$148.99	$851.01	$1,000.00	$23,809.53
Aug, 2031	70	$143.85	$856.15	$1,000.00	$22,953.38
Sep, 2031	71	$138.68	$861.32	$1,000.00	$22,092.06
Oct, 2031	72	$133.47	$866.53	$1,000.00	$21,225.53
Nov, 2031	73	$128.24	$871.76	$1,000.00	$20,353.77
Dec, 2031	74	$122.97	$877.03	$1,000.00	$19,476.74
Jan, 2032	75	$117.67	$882.33	$1,000.00	$18,594.41
Feb, 2032	76	$112.34	$887.66	$1,000.00	$17,706.75
Mar, 2032	77	$106.98	$893.02	$1,000.00	$16,813.73
Apr, 2032	78	$101.58	$898.42	$1,000.00	$15,915.31
May, 2032	79	$96.16	$903.84	$1,000.00	$15,011.47
Jun, 2032	80	$90.69	$909.31	$1,000.00	$14,102.16
Jul, 2032	81	$85.20	$914.80	$1,000.00	$13,187.36
Aug, 2032	82	$79.67	$920.33	$1,000.00	$12,267.04
Sep, 2032	83	$74.11	$925.89	$1,000.00	$11,341.15
Oct, 2032	84	$68.52	$931.48	$1,000.00	$10,409.67
Nov, 2032	85	$62.89	$937.11	$1,000.00	$9,472.56
Dec, 2032	86	$57.23	$942.77	$1,000.00	$8,529.79
Jan, 2033	87	$51.53	$948.47	$1,000.00	$7,581.32
Feb, 2033	88	$45.80	$954.20	$1,000.00	$6,627.13
Mar, 2033	89	$40.04	$959.96	$1,000.00	$5,667.17
Apr, 2033	90	$34.24	$965.76	$1,000.00	$4,701.41
May, 2033	91	$28.40	$971.60	$1,000.00	$3,729.81
Jun, 2033	92	$22.53	$977.47	$1,000.00	$2,752.35
Jul, 2033	93	$16.63	$983.37	$1,000.00	$1,768.97
Aug, 2033	94	$10.69	$989.31	$1,000.00	$779.66
Sep, 2033	95	$4.71	$779.66	$784.37	$0.00

Today's HELOC Rates

Check Today's Mortgage Rates

How to Pay Off Your Line of Credit Faster?

A Home Equity Line of Credit (HELOC) can be a powerful financial tool to borrow money against your home equity, but the variable interest rate makes it hard for many homeowners to calculate the cost of borrowing. Many homeowners want to know how much they can save by making extra monthly payments or how much earlier then can pay off their HELOCs. A HELOC payoff calculator with extra payments helps homeowners calculate how additional payments each month affect their payoff time and interest savings. Whether you're trying to reduce long term interest costs or simply have a peace of mind by paying off your HELOC, this HELOC payoff calculator will help you out.

What Is a HELOC Payoff Calculator?

A HELOC Payoff calculator is a tool to help you calculate the savings from additional payments toward your HELOC. The HELOC payoff calculator with extra payments require only four variables, current HELOC balance, interest rate, current monthly payments, and extra monthly payments.

• Current Balance - the remaining balance of your HELOC loan.
• Interest Rate - the HELOC interest rate.
• Current Monthly Payment - the monthly payments you have been making.
• Extra Monthly Payments - how much more each monthly are you planning to pay.

With these four variables, the HELOC payoff calculator will generate an HELOC payoff amortization schedule that show you the new monthly payments, and how much earlier you can pay off your HELOC, and the total interest savings.

Home Equity Payment Calculator
30 Year HELOC Payment Calculator
$10,000 HELOC Payment
$20,000 HELOC Payment
$25,000 HELOC Payment
$30,000 HELOC Payment
$40,000 HELOC Payment
$50,000 HELOC Payment
$60,000 HELOC Payment
$100,000 HELOC Payment
How Much HELOC Can I Get Calculator
Florida HELOC Calculator
California HELOC Calculator
New Jersey HELOC Calculator
New York HELOC Calculator
Texas HELOC Calculator
HELOC vs. Mortgage Calculator
HELOC vs. Cash Out Refinance Calculator
HELOC VS. Home Equity Loan Calculator
HELOC VS. 2nd Mortgage Calculator

Compare HELOC Rates
Today's Home Equity Rates