Mortgage & Home Equity 10-Yr Draw / 20-Yr Repayment

HELOC Borrowable Equity & Draw-to-Repayment Calculator

Computes maximum borrowable credit line at 80%–85% CLTV and compares interest-only draw payments against 20-year amortized repayment.

Current Home Value ($) Existing First Mortgage Balance ($) HELOC Variable APR (%)

Max 85% CLTV Line of Credit $187,000

Interest-Only Draw Payment $1,286/mo