Free HELOC Payment Calculator
Calculate your Home Equity Line of Credit monthly payments with our free, accurate calculator. Get instant estimates for different interest rates, loan terms, and draw periods to make informed decisions about your home equity financing.
Payment breakdown
Run the calculator to see a breakdown of principal and interest.
How to Use This Calculator
- 1Enter your HELOC credit limit (the maximum amount you can borrow)
- 2Input your current or expected interest rate (APR)
- 3Set your draw period length (typically 5-10 years)
- 4Specify your repayment period (typically 10-20 years)
- 5View your estimated monthly payments and total interest costs
US HELOC Market Overview
Current Market Conditions
As of 2025, HELOC rates in the United States typically range from 7.5% to 12.5% APR, depending on credit score, loan-to-value ratio, and lender policies.
Federal Reserve Impact
HELOC rates are closely tied to the Federal Reserve's federal funds rate. When the Fed raises rates, HELOC rates typically increase as well.
Regional Variations
Rates may vary by state and region due to local market conditions, state regulations, and lender competition.
US HELOC Regulations & Policies
Consumer Financial Protection Bureau (CFPB)
- • Lenders must provide clear disclosure of terms and conditions
- • Right to rescind within 3 business days of closing
- • Prohibition of unfair, deceptive, or abusive practices
- • Required ability-to-repay assessments
Tax Benefits (IRS Guidelines)
- • Interest may be deductible if used for home improvements
- • Must itemize deductions to claim HELOC interest
- • $750,000 limit on mortgage debt (including HELOC)
- • Consult tax professional for specific advice
State Regulations
- • Some states have additional consumer protections
- • Usury laws may limit maximum interest rates
- • Foreclosure procedures vary by state
- • Check local regulations before applying
Lender Requirements
- • Minimum credit score typically 620-680
- • Maximum loan-to-value ratio usually 80-90%
- • Debt-to-income ratio typically under 43%
- • Proof of income and employment required
Important Disclaimers
Calculator Estimates Only
This calculator provides estimates only and should not be considered as financial advice. Actual rates, terms, and payments may vary based on your credit profile, lender policies, and market conditions.
Rate Fluctuations
HELOC rates are variable and can change over time. Your actual payments may increase or decrease based on changes in the prime rate and your lender's margin.
Professional Advice Recommended
We strongly recommend consulting with qualified financial professionals, including mortgage brokers, financial advisors, and tax professionals, before making any financial decisions.
No Lender Relationship
This calculator is provided for informational purposes only. We are not a lender and do not have any relationship with specific financial institutions.
Market Conditions
Interest rates and lending policies change frequently. Always verify current rates and terms directly with potential lenders before making any commitments.