Pragmatic Mortgage | We're the mortgage company that doesn't want you to have a mortgage.

Outstanding balance

Amount currently drawn on the HELOC.

HELOC limit

Total revolving limit available.

Prime rate (%)

Bank prime rate expressed as a percentage.

Spread (%)

Lender adjustment to prime. Negative values reduce the rate.

Servicing frequency

Choose how often interest-only payments are made.

Compounding basis

Compare against amortized payment

Show a blended repayment using the same rate assumptions.

Amortization (years)

Amortization (months)

Compare term (months)

Used for amortized schedule snapshot (typically 60 months).

HELOC payment & interest