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$100,000 HELOC payment by rate
| Rate | Interest-only | 10-yr repayment | 15-yr repayment | 20-yr repayment |
|---|---|---|---|---|
| 6% | $500 | $1,110 | $844 | $716 |
| 7% | $583 | $1,161 | $899 | $775 |
| 8% | $667 | $1,213 | $956 | $836 |
| 9% | $750 | $1,267 | $1,014 | $900 |
| 10% | $833 | $1,322 | $1,075 | $965 |
| 11% | $917 | $1,378 | $1,137 | $1,032 |
Worked example
Interest-only: $100,000 × 8% ÷ 12 = $666.67. Repayment over 20 years: $836.44. The difference, $169.77, is the payment jump when the draw period ends.
HELOC rates are usually variable; a 2-point rise on $100,000 adds about $167 a month to the interest-only payment.
Example rates are for comparison only, not offers or current quotes. Your rate depends on credit, loan-to-value and lender.
Related
Frequently asked questions
What is the monthly payment on a $100,000 HELOC?
About $667 interest-only at 8%, or $836 once a 20-year repayment period starts.
Can I pay principal during the draw period?
Yes. Most HELOCs let you pay more than interest, which lowers the later payment.