HELOC payment & interest
See interest-only servicing, amortized comparisons, and stress test prime adjustments.
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Interactive calculator
HELOC payment & interest
Model interest-only payments, compare an amortized overlay, and review prime sensitivity.
How this calculator works
Estimate HELOC borrowing capacity and payments under different rates.
Use it to compare HELOC costs against mortgage alternatives.
Inputs you will need
- Property value and mortgage balance
- HELOC rate and limit
- Interest-only vs amortized payments
Assumptions and limitations
- Assumes lender LTV caps apply.
- Rates are variable and can change.
- Interest-only payments do not reduce principal.
Example scenarios
Renovation funding
Estimate HELOC payments for a $75k draw.
Rate shock
Increase the rate to see the payment impact.
Related tools
Turn this savings math into a refinancing decision
Use the break-even, penalty, or renewal output alongside the refinance and renewal playbooks so you compare timing, costs, and fallback options before you switch.
Guides
Read the Canada-specific playbook before you commit to the next step.
Execution
Use the broker workflow, rates pages, or secure dashboard to move from estimate to action.
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
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Frequently asked questions
How much can I borrow on a HELOC?
It depends on equity, lender policy, and property type.
Do HELOC rates change?
Yes. They are typically tied to prime.
Is a HELOC good for debt consolidation?
It can be, but compare costs and repayment discipline.