$200,000 HELOC payment

Estimated monthly cost of a $200,000 home equity line of credit, during the draw period and in repayment.

What does a $200,000 HELOC cost each month? During the interest-only draw period the payment is just the interest on your balance; once repayment begins (here over 20 years) you also repay principal, so the payment is higher. The table shows both at a range of rates.

Interest rate	Interest-only (draw period)	Principal + interest (20-yr repay)
7%	$1,167	$1,551
8%	$1,333	$1,673
9%	$1,500	$1,799
10%	$1,667	$1,930

HELOC rates are variable, so treat these as snapshots. At 9%, a $200,000 balance runs about $1,500/month interest-only, rising to roughly $1,799/month once you're repaying principal.

Try your own numbers

Use the HELOC payment calculator to set your own rate and terms, or compare a fixed lump sum with the home equity loan calculator.

Illustrative only. Variable rates change; your actual payment and terms depend on your lender.