Mortgage · Canada

HELOC payment.

Estimate your home equity line of credit payment with interest-only or principal-plus-interest options.

Inputs

HELOC
$
%
Term only matters for principal + interest payments.

Your HELOC payment

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How a HELOC works

A home equity line of credit lets you borrow against the equity in your home, usually up to 65% of your home's value. HELOCs are revolving credit — you can draw, repay, and redraw as needed. Most Canadian HELOCs require interest-only payments, but you can also pay down principal at any time.

Disclaimer

Estimates for educational purposes only. Actual HELOC rates and payment terms vary by lender.