The HELOC calculator that explains itself.
Run your home-equity numbers in seconds. See draw-period interest, repayment-period payments, estimated total interest, and an estimated payoff date — in plain English. No login, no spam, no popups blocking the answer.
Why HELOC Ledger exists
Adjust the balance, rate and terms to explore a simplified HELOC scenario.
A HELOC has two phases — a draw period and a repayment period — and they behave very differently. Our calculator shows both side-by-side.
The model uses a constant rate and an interest-only draw period. Actual loan terms can differ.
In-depth guides
Browse all guides →Monthly payment, total interest, closing costs, and when each one wins.
Variable vs. fixed rates, draw periods, and the situations where each option wins.
CLTV rules, debt-to-income tests, and how to estimate your maximum line.
How rates are calculated, what drives prime, and how to negotiate.
The use-of-funds test, itemizing, and debt limits.
How both phases work and how to avoid the conversion payment shock.