HELOC calculator

HELOC calculatorの使い方

何を計算するか、いつ使うか

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

使い方の手順

1. Enter the ホーム 値、mortgage 残高、combined loan-to-value limit.
2. Enter the 利息 利率とthe drawとrepayment periods.
3. Enter how much you plan〜draw,またはleave it blank〜use the whole line.

各入力項目の意味

• Draw 周期 – The 年数 during which you 缶 borrowと給与 利息 only.
• Repayment 周期 – The 年数 over which the 残高はrepaid afterwards.です
• 金利 – HELOC rates are variable. This estimate holds the 利率 fixed.

結果の読み方

• Interest-only payment – 残高 × 毎月 利率 during the draw 周期.
• Payment after the draw 周期 – A repayment calculated over the repayment 期間.
• 利息総額 – 利息 across both periods.

計算式

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

計算例

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

前提と限界

• The full lineはdrawn on day oneですとthe 利率 never changes.
• Annual feesと最小値 draws are excluded.

よくある間違い

• Underestimating how much the payment rises after the draw 周期.
• Treating a variable 利率 as fixed.

よくある質問

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