HELOC calculator

Cara menggunakan HELOC calculator

Apa yang dihitung dan kapan digunakan

Estimate the credit line a HELOC could give you, the interest-only payment while you draw,, dan the repayment once the draw Periode ends.

Cara menggunakan, langkah demi langkah

1. Enter the Beranda Nilai, mortgage Saldo, dan combined loan-to-value limit.
2. Enter the Bunga Suku bunga dan the draw dan repayment periods.
3. Enter how much you plan sampai draw, atau leave it blank sampai use the whole line.

Arti setiap input

• Draw Periode – The Tahun during which you kaleng borrow dan Gaji Bunga only.
• Repayment Periode – The Tahun over which the Saldo adalah repaid afterwards.
• Suku bunga – HELOC rates are variable. This estimate holds the Suku bunga fixed.

Cara membaca hasil

• Interest-only payment – Saldo × Bulanan Suku bunga during the draw Periode.
• Payment after the draw Periode – A repayment calculated over the repayment Jangka waktu.
• Total bunga – Bunga across both periods.

Rumus

Line = value × limit − mortgage. Draw payment = balance × rate ÷ 12. Repayment = balance × r ÷ (1 − (1 + r)^−n) over the repayment bulan.

Contoh perhitungan

On a 400,000 Beranda with a 240,000 mortgage dan an 85% limit, the line adalah 100,000. At 8.5% the interest-only payment adalah 708.33 a month, then repayment over 20 years adalah 867.82 a month. Interest over the whole term is about 193,278.

Asumsi dan batasan

• The full line adalah drawn on day one dan the Suku bunga never changes.
• Annual fees dan minimum draws are excluded.

Kesalahan umum

• Underestimating how much the payment rises after the draw Periode.
• Treating a variable Suku bunga as fixed.

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