$25,000 HELOC payment

Estimated monthly cost of a $25,000 home equity line of credit, during the draw period and in repayment.

What does a $25,000 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%	$146	$194
8%	$167	$209
9%	$188	$225
10%	$208	$241

HELOC rates are variable, so treat these as snapshots. At 9%, a $25,000 balance runs about $188/month interest-only, rising to roughly $225/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.