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Paragon Pragmatic Lending
1915 Foxtail Terrace, Kelowna BC V1P 1T9
BCFSA Brokerage License X301089
(778) 557-2144
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Information is general and not legal, tax, or investment advice. Strategies like the Smith Manoeuvre (Maneuver) and cash or rental damming involve risk. Consult a qualified tax professional.
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Find tools, guides, or services.

HELOC payment & interest

See interest-only servicing, amortized comparisons, and stress test prime adjustments.

Save + compare

Unlock the full calculator suite

Create a free account to save scenarios, compare options, and share results with your broker team.

  • Save unlimited scenarios and track changes over time
  • Compare rate options side by side with broker feedback
  • Export reports for underwriting or renewal planning
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Outstanding balance currency$

Amount currently drawn on the HELOC.

HELOC limit currency$

Total revolving limit available.

Bank prime rate expressed as a percentage.

Lender adjustment to prime. Negative values reduce the rate.

Choose how often interest-only payments are made.

Show a blended repayment using the same rate assumptions.

Used for amortized schedule snapshot (typically 60 months).

HELOC payment & interest

Model interest-only payments, compare an amortized overlay, and review prime sensitivity.

Save scenario

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

Readvanceable productSmith calculatorHELOC rates

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.