HELOC Loan Payoff Calculator

HELOC Loan Payoff Calculator to calculate the estimated amount needed to pay off a home equity line of credit based on the current balance, interest rate, monthly payment, and extra payments.

HELOC Loan Payoff Calculator
Current HELOC Balance	$
Interest Rate	%
Monthly Payment	$
Extra Monthly Payment	$
Years Remaining	years

The estimated HELOC payoff amount is $120,000.00

HELOC Loan Payoff Calculator Results
Current HELOC Balance:			$100,000.00
Interest Rate:			7.000%
Monthly Payment:			$1,000.00
Extra Monthly Payment:			$0.00
Total Monthly Payment:			$1,000.00
Total # Of Payments:			120
Start Date:			Sep, 2026
Estimated Payoff Date:			Aug, 2036
Payoff Time:			10.00 years
Total Principal Paid:			$72,118.67
Total Interest Paid:			$47,881.33
Total Payments:			$120,000.00
HELOC Loan Payoff Calculator Amortization Schedule
Payment Date	Payment #	Beginning Balance	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Sep, 2026	1	$100,000.00	$583.33	$416.67	$1,000.00	$99,583.33
Oct, 2026	2	$99,583.33	$580.90	$419.10	$1,000.00	$99,164.24
Nov, 2026	3	$99,164.24	$578.46	$421.54	$1,000.00	$98,742.69
Dec, 2026	4	$98,742.69	$576.00	$424.00	$1,000.00	$98,318.69
Jan, 2027	5	$98,318.69	$573.53	$426.47	$1,000.00	$97,892.22
Feb, 2027	6	$97,892.22	$571.04	$428.96	$1,000.00	$97,463.26
Mar, 2027	7	$97,463.26	$568.54	$431.46	$1,000.00	$97,031.79
Apr, 2027	8	$97,031.79	$566.02	$433.98	$1,000.00	$96,597.81
May, 2027	9	$96,597.81	$563.49	$436.51	$1,000.00	$96,161.30
Jun, 2027	10	$96,161.30	$560.94	$439.06	$1,000.00	$95,722.24
Jul, 2027	11	$95,722.24	$558.38	$441.62	$1,000.00	$95,280.62
Aug, 2027	12	$95,280.62	$555.80	$444.20	$1,000.00	$94,836.42
Sep, 2027	13	$94,836.42	$553.21	$446.79	$1,000.00	$94,389.64
Oct, 2027	14	$94,389.64	$550.61	$449.39	$1,000.00	$93,940.24
Nov, 2027	15	$93,940.24	$547.98	$452.02	$1,000.00	$93,488.23
Dec, 2027	16	$93,488.23	$545.35	$454.65	$1,000.00	$93,033.57
Jan, 2028	17	$93,033.57	$542.70	$457.30	$1,000.00	$92,576.27
Feb, 2028	18	$92,576.27	$540.03	$459.97	$1,000.00	$92,116.30
Mar, 2028	19	$92,116.30	$537.35	$462.65	$1,000.00	$91,653.64
Apr, 2028	20	$91,653.64	$534.65	$465.35	$1,000.00	$91,188.29
May, 2028	21	$91,188.29	$531.93	$468.07	$1,000.00	$90,720.22
Jun, 2028	22	$90,720.22	$529.20	$470.80	$1,000.00	$90,249.42
Jul, 2028	23	$90,249.42	$526.45	$473.55	$1,000.00	$89,775.88
Aug, 2028	24	$89,775.88	$523.69	$476.31	$1,000.00	$89,299.57
Sep, 2028	25	$89,299.57	$520.91	$479.09	$1,000.00	$88,820.48
Oct, 2028	26	$88,820.48	$518.12	$481.88	$1,000.00	$88,338.60
Nov, 2028	27	$88,338.60	$515.31	$484.69	$1,000.00	$87,853.91
Dec, 2028	28	$87,853.91	$512.48	$487.52	$1,000.00	$87,366.39
Jan, 2029	29	$87,366.39	$509.64	$490.36	$1,000.00	$86,876.03
Feb, 2029	30	$86,876.03	$506.78	$493.22	$1,000.00	$86,382.81
Mar, 2029	31	$86,382.81	$503.90	$496.10	$1,000.00	$85,886.71
Apr, 2029	32	$85,886.71	$501.01	$498.99	$1,000.00	$85,387.71
May, 2029	33	$85,387.71	$498.09	$501.91	$1,000.00	$84,885.81
Jun, 2029	34	$84,885.81	$495.17	$504.83	$1,000.00	$84,380.98
Jul, 2029	35	$84,380.98	$492.22	$507.78	$1,000.00	$83,873.20
Aug, 2029	36	$83,873.20	$489.26	$510.74	$1,000.00	$83,362.46
Sep, 2029	37	$83,362.46	$486.28	$513.72	$1,000.00	$82,848.74
Oct, 2029	38	$82,848.74	$483.28	$516.72	$1,000.00	$82,332.02
Nov, 2029	39	$82,332.02	$480.27	$519.73	$1,000.00	$81,812.29
Dec, 2029	40	$81,812.29	$477.24	$522.76	$1,000.00	$81,289.53
Jan, 2030	41	$81,289.53	$474.19	$525.81	$1,000.00	$80,763.72
Feb, 2030	42	$80,763.72	$471.12	$528.88	$1,000.00	$80,234.84
Mar, 2030	43	$80,234.84	$468.04	$531.96	$1,000.00	$79,702.88
Apr, 2030	44	$79,702.88	$464.93	$535.07	$1,000.00	$79,167.81
May, 2030	45	$79,167.81	$461.81	$538.19	$1,000.00	$78,629.62
Jun, 2030	46	$78,629.62	$458.67	$541.33	$1,000.00	$78,088.30
Jul, 2030	47	$78,088.30	$455.52	$544.48	$1,000.00	$77,543.81
Aug, 2030	48	$77,543.81	$452.34	$547.66	$1,000.00	$76,996.15
Sep, 2030	49	$76,996.15	$449.14	$550.86	$1,000.00	$76,445.30
Oct, 2030	50	$76,445.30	$445.93	$554.07	$1,000.00	$75,891.23
Nov, 2030	51	$75,891.23	$442.70	$557.30	$1,000.00	$75,333.93
Dec, 2030	52	$75,333.93	$439.45	$560.55	$1,000.00	$74,773.37
Jan, 2031	53	$74,773.37	$436.18	$563.82	$1,000.00	$74,209.55
Feb, 2031	54	$74,209.55	$432.89	$567.11	$1,000.00	$73,642.44
Mar, 2031	55	$73,642.44	$429.58	$570.42	$1,000.00	$73,072.02
Apr, 2031	56	$73,072.02	$426.25	$573.75	$1,000.00	$72,498.27
May, 2031	57	$72,498.27	$422.91	$577.09	$1,000.00	$71,921.18
Jun, 2031	58	$71,921.18	$419.54	$580.46	$1,000.00	$71,340.72
Jul, 2031	59	$71,340.72	$416.15	$583.85	$1,000.00	$70,756.88
Aug, 2031	60	$70,756.88	$412.75	$587.25	$1,000.00	$70,169.62
Sep, 2031	61	$70,169.62	$409.32	$590.68	$1,000.00	$69,578.95
Oct, 2031	62	$69,578.95	$405.88	$594.12	$1,000.00	$68,984.82
Nov, 2031	63	$68,984.82	$402.41	$597.59	$1,000.00	$68,387.24
Dec, 2031	64	$68,387.24	$398.93	$601.07	$1,000.00	$67,786.16
Jan, 2032	65	$67,786.16	$395.42	$604.58	$1,000.00	$67,181.58
Feb, 2032	66	$67,181.58	$391.89	$608.11	$1,000.00	$66,573.47
Mar, 2032	67	$66,573.47	$388.35	$611.65	$1,000.00	$65,961.82
Apr, 2032	68	$65,961.82	$384.78	$615.22	$1,000.00	$65,346.60
May, 2032	69	$65,346.60	$381.19	$618.81	$1,000.00	$64,727.78
Jun, 2032	70	$64,727.78	$377.58	$622.42	$1,000.00	$64,105.36
Jul, 2032	71	$64,105.36	$373.95	$626.05	$1,000.00	$63,479.31
Aug, 2032	72	$63,479.31	$370.30	$629.70	$1,000.00	$62,849.61
Sep, 2032	73	$62,849.61	$366.62	$633.38	$1,000.00	$62,216.23
Oct, 2032	74	$62,216.23	$362.93	$637.07	$1,000.00	$61,579.16
Nov, 2032	75	$61,579.16	$359.21	$640.79	$1,000.00	$60,938.37
Dec, 2032	76	$60,938.37	$355.47	$644.53	$1,000.00	$60,293.84
Jan, 2033	77	$60,293.84	$351.71	$648.29	$1,000.00	$59,645.56
Feb, 2033	78	$59,645.56	$347.93	$652.07	$1,000.00	$58,993.49
Mar, 2033	79	$58,993.49	$344.13	$655.87	$1,000.00	$58,337.62
Apr, 2033	80	$58,337.62	$340.30	$659.70	$1,000.00	$57,677.92
May, 2033	81	$57,677.92	$336.45	$663.55	$1,000.00	$57,014.38
Jun, 2033	82	$57,014.38	$332.58	$667.42	$1,000.00	$56,346.96
Jul, 2033	83	$56,346.96	$328.69	$671.31	$1,000.00	$55,675.65
Aug, 2033	84	$55,675.65	$324.77	$675.23	$1,000.00	$55,000.42
Sep, 2033	85	$55,000.42	$320.84	$679.16	$1,000.00	$54,321.26
Oct, 2033	86	$54,321.26	$316.87	$683.13	$1,000.00	$53,638.13
Nov, 2033	87	$53,638.13	$312.89	$687.11	$1,000.00	$52,951.02
Dec, 2033	88	$52,951.02	$308.88	$691.12	$1,000.00	$52,259.90
Jan, 2034	89	$52,259.90	$304.85	$695.15	$1,000.00	$51,564.75
Feb, 2034	90	$51,564.75	$300.79	$699.21	$1,000.00	$50,865.55
Mar, 2034	91	$50,865.55	$296.72	$703.28	$1,000.00	$50,162.26
Apr, 2034	92	$50,162.26	$292.61	$707.39	$1,000.00	$49,454.88
May, 2034	93	$49,454.88	$288.49	$711.51	$1,000.00	$48,743.36
Jun, 2034	94	$48,743.36	$284.34	$715.66	$1,000.00	$48,027.70
Jul, 2034	95	$48,027.70	$280.16	$719.84	$1,000.00	$47,307.86
Aug, 2034	96	$47,307.86	$275.96	$724.04	$1,000.00	$46,583.82
Sep, 2034	97	$46,583.82	$271.74	$728.26	$1,000.00	$45,855.56
Oct, 2034	98	$45,855.56	$267.49	$732.51	$1,000.00	$45,123.05
Nov, 2034	99	$45,123.05	$263.22	$736.78	$1,000.00	$44,386.27
Dec, 2034	100	$44,386.27	$258.92	$741.08	$1,000.00	$43,645.19
Jan, 2035	101	$43,645.19	$254.60	$745.40	$1,000.00	$42,899.79
Feb, 2035	102	$42,899.79	$250.25	$749.75	$1,000.00	$42,150.04
Mar, 2035	103	$42,150.04	$245.88	$754.12	$1,000.00	$41,395.91
Apr, 2035	104	$41,395.91	$241.48	$758.52	$1,000.00	$40,637.39
May, 2035	105	$40,637.39	$237.05	$762.95	$1,000.00	$39,874.44
Jun, 2035	106	$39,874.44	$232.60	$767.40	$1,000.00	$39,107.04
Jul, 2035	107	$39,107.04	$228.12	$771.88	$1,000.00	$38,335.17
Aug, 2035	108	$38,335.17	$223.62	$776.38	$1,000.00	$37,558.79
Sep, 2035	109	$37,558.79	$219.09	$780.91	$1,000.00	$36,777.88
Oct, 2035	110	$36,777.88	$214.54	$785.46	$1,000.00	$35,992.42
Nov, 2035	111	$35,992.42	$209.96	$790.04	$1,000.00	$35,202.37
Dec, 2035	112	$35,202.37	$205.35	$794.65	$1,000.00	$34,407.72
Jan, 2036	113	$34,407.72	$200.71	$799.29	$1,000.00	$33,608.43
Feb, 2036	114	$33,608.43	$196.05	$803.95	$1,000.00	$32,804.48
Mar, 2036	115	$32,804.48	$191.36	$808.64	$1,000.00	$31,995.84
Apr, 2036	116	$31,995.84	$186.64	$813.36	$1,000.00	$31,182.48
May, 2036	117	$31,182.48	$181.90	$818.10	$1,000.00	$30,364.38
Jun, 2036	118	$30,364.38	$177.13	$822.87	$1,000.00	$29,541.51
Jul, 2036	119	$29,541.51	$172.33	$827.67	$1,000.00	$28,713.83
Aug, 2036	120	$28,713.83	$167.50	$832.50	$1,000.00	$27,881.33

HELOC Loan Payoff Calculator Formula

The HELOC Loan Payoff Calculator calculates the estimated payoff schedule by applying the monthly interest rate to the outstanding HELOC balance and using the monthly payment to reduce the principal balance.

Monthly Interest Rate = Annual Interest Rate ÷ 12 ÷ 100

Total Monthly Payment = Monthly Payment + Extra Monthly Payment

Interest Paid = Beginning HELOC Balance × Monthly Interest Rate

Principal Paid = Total Monthly Payment − Interest Paid

Remaining Balance = Beginning HELOC Balance − Principal Paid

The calculation is repeated each month until the HELOC balance reaches zero. The final payment may be smaller than the regular monthly payment if the remaining balance is less than the scheduled payment.

This calculator assumes that no additional draws are made from the HELOC during the payoff period and that the interest rate remains constant. Actual HELOC payoff amounts can differ because many HELOCs have variable interest rates, changing payment requirements, fees, and additional advances.

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