HELOC Payment Calculator Excel Template
Easy to use HELOC Payment Calculator with amortization schedule. Calculate monthly HELOC payments. Ready to use and printable Excel template.
TEMPLATE DESCRIPTION
Getting a loan with a Home Equity Line of Credit requires a plan to pay off HELOC. So, it’s immensely crucial to plan your monthly payments beforehand. Home Equity Line of Credit (HELOC) payment calculator Excel template designed to accurately estimate the monthly payments to pay off your HELOC loan.
It’s also very easy to track your monthly payments with HELOC payment schedule. This tool can calculate your monthly HELOC payments based on the current balance, interest rate, interest change and current monthly payment.
Main Features of Excel Home Equity Loans Calculator
HELOC Payment Calculator Template is basically a single spreadsheet.
Firstly, input the necessary financial data such as current balance, annual interest rate, rate change, and current monthly payment. Then, the total interest rate that is applied to the borrowed amount and the total monthly term will be automatically calculated.
HELOC payment calculator also comes with a balance chart. So you can easily view your balance throughout the total monthly term.
Lastly, once you entered all the variables into the template, it will generate a comprehensive breakdown of your estimated monthly HELOC payments. Optionally, you can input additional charges for each month.
HELOC Payment Calculator Excel template is a dynamic tool. So, If you change any of the variables it will affect the balance chart, monthly payment list, total interest paid, and total term immediately. You can adjust the variables to see different payment terms and scenarios. Thanks to this, you can clearly understand the overall impact of the monthly payments on your current budget.
HELOC Payment Calculator Excel Template Features Summary:
- Home Equity Line of Credit payment calculator in Excel
- Calculate future payments of your HELOC loan
- Nice dashboard design with charts
- Clear on sheet instructions
- Compatible with Excel 2007 and later versions.
- Does not include any VBA code or macros
- Print-Ready
PRODUCT VIDEO
Watch the video below to see the template in action! Presentation also includes usage notes, explanations and tips & tricks about the template.
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Anthony E. Wilson –
A lifesaver for HELOC payments. It helped me improve my financial situation by pinpointing my mistakes!
Patty M. –
Template supported adjusting payment frequency to every three months with helpful support!
Someka –
Dear Patty!
We are happy that our template met your needs by allowing you to adjust the payment frequency to every three months. We are here to provide responsive support for any inquiries you may have.
Thank you for choosing Someka!