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Purposed or Current outstanding balance on your line of credit.

Your goal for paying off this line of credit. This is the number of months by which you would like to have completely paid off this line of credit balance.

The amount you are currently paying per month if you already have a HELOC. This field indicates the amount you plan to dedicate to your new HELOC, i.e. your net household income or the figure that you’re budgeting for.

Total new charges you expect to put on this line of credit per month. Do not include your HELOC payment here. Instead, use the total amount you plan to spend on account fees (if applicable) or daily known expenses like gas, groceries, etc. if using the HELOC as your daily operating account.

If you expect the interest to change in the next year, use this to indicate how much. For decreasing rates, enter negative numbers. Example: 0.5%

The annual percentage rate for this line of credit.

Your annual fee for this line of credit.

Amount to draw from this line of credit.

Number of months from now before your draws will occur.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.