Repayment of a home equity loan requires that the borrower makes a monthly payment to the lender. That monthly payment includes both repayment of the loan principal, plus monthly interest on the outstanding balance. Loan payments are amortized so that the monthly payment remains the same throughout the repayment period, but during that time, the percentage of the amount that goes towards principal will increase as the outstanding mortgage balance decreases.
Calculate a Home Equity Loan Payment
Calculate a Home Equity Loan Payment
Loan Information
Loan Amount
$ 50,000
Monthly Payment
$ 542.63
Year | Interest Paid | Principal Paid | Ending Balance |
---|---|---|---|
0 | 0 | 0 | -50000.00 |
12 | 2653.71 | 3857.86 | -46142.14 |
24 | 2436.10 | 4075.48 | -42066.66 |
36 | 2206.21 | 4305.37 | -37761.29 |
48 | 1963.35 | 4548.22 | -33213.07 |
60 | 1706.80 | 4804.78 | -28408.29 |
72 | 1435.77 | 5075.81 | -23332.49 |
84 | 1149.46 | 5362.12 | -17970.37 |
96 | 846.99 | 5664.59 | -12305.78 |
108 | 527.46 | 5984.11 | -6321.66 |
120 | 189.91 | 6321.66 | -0.00 |
Month | Starting Balance ($) | Payment Made ($) | Interest Paid ($) | Principal Paid ($) | Ending Balance ($) |
---|---|---|---|---|---|
1 | 50000.00 | 542.63 | 229.17 | 313.46 | 49686.54 |
2 | 49686.54 | 542.63 | 227.73 | 314.90 | 49371.63 |
3 | 49371.63 | 542.63 | 226.29 | 316.34 | 49055.29 |
4 | 49055.29 | 542.63 | 224.84 | 317.79 | 48737.49 |
5 | 48737.49 | 542.63 | 223.38 | 319.25 | 48418.24 |
6 | 48418.24 | 542.63 | 221.92 | 320.71 | 48097.53 |
7 | 48097.53 | 542.63 | 220.45 | 322.18 | 47775.34 |
8 | 47775.34 | 542.63 | 218.97 | 323.66 | 47451.68 |
9 | 47451.68 | 542.63 | 217.49 | 325.14 | 47126.54 |
10 | 47126.54 | 542.63 | 216.00 | 326.63 | 46799.90 |
11 | 46799.90 | 542.63 | 214.50 | 328.13 | 46471.77 |
12 | 46471.77 | 542.63 | 213.00 | 329.64 | 46142.14 |
13 | 46142.14 | 542.63 | 211.48 | 331.15 | 45810.99 |
14 | 45810.99 | 542.63 | 209.97 | 332.66 | 45478.33 |
15 | 45478.33 | 542.63 | 208.44 | 334.19 | 45144.14 |
16 | 45144.14 | 542.63 | 206.91 | 335.72 | 44808.42 |
17 | 44808.42 | 542.63 | 205.37 | 337.26 | 44471.16 |
18 | 44471.16 | 542.63 | 203.83 | 338.81 | 44132.35 |
19 | 44132.35 | 542.63 | 202.27 | 340.36 | 43791.99 |
20 | 43791.99 | 542.63 | 200.71 | 341.92 | 43450.07 |
21 | 43450.07 | 542.63 | 199.15 | 343.49 | 43106.59 |
22 | 43106.59 | 542.63 | 197.57 | 345.06 | 42761.53 |
23 | 42761.53 | 542.63 | 195.99 | 346.64 | 42414.89 |
24 | 42414.89 | 542.63 | 194.40 | 348.23 | 42066.66 |
25 | 42066.66 | 542.63 | 192.81 | 349.83 | 41716.83 |
26 | 41716.83 | 542.63 | 191.20 | 351.43 | 41365.40 |
27 | 41365.40 | 542.63 | 189.59 | 353.04 | 41012.36 |
28 | 41012.36 | 542.63 | 187.97 | 354.66 | 40657.71 |
29 | 40657.71 | 542.63 | 186.35 | 356.28 | 40301.42 |
30 | 40301.42 | 542.63 | 184.71 | 357.92 | 39943.51 |
31 | 39943.51 | 542.63 | 183.07 | 359.56 | 39583.95 |
32 | 39583.95 | 542.63 | 181.43 | 361.20 | 39222.74 |
33 | 39222.74 | 542.63 | 179.77 | 362.86 | 38859.88 |
34 | 38859.88 | 542.63 | 178.11 | 364.52 | 38495.36 |
35 | 38495.36 | 542.63 | 176.44 | 366.19 | 38129.17 |
36 | 38129.17 | 542.63 | 174.76 | 367.87 | 37761.29 |
37 | 37761.29 | 542.63 | 173.07 | 369.56 | 37391.73 |
38 | 37391.73 | 542.63 | 171.38 | 371.25 | 37020.48 |
39 | 37020.48 | 542.63 | 169.68 | 372.95 | 36647.53 |
40 | 36647.53 | 542.63 | 167.97 | 374.66 | 36272.86 |
41 | 36272.86 | 542.63 | 166.25 | 376.38 | 35896.48 |
42 | 35896.48 | 542.63 | 164.53 | 378.11 | 35518.38 |
43 | 35518.38 | 542.63 | 162.79 | 379.84 | 35138.54 |
44 | 35138.54 | 542.63 | 161.05 | 381.58 | 34756.96 |
45 | 34756.96 | 542.63 | 159.30 | 383.33 | 34373.63 |
46 | 34373.63 | 542.63 | 157.55 | 385.09 | 33988.54 |
47 | 33988.54 | 542.63 | 155.78 | 386.85 | 33601.69 |
48 | 33601.69 | 542.63 | 154.01 | 388.62 | 33213.07 |
49 | 33213.07 | 542.63 | 152.23 | 390.40 | 32822.67 |
50 | 32822.67 | 542.63 | 150.44 | 392.19 | 32430.47 |
51 | 32430.47 | 542.63 | 148.64 | 393.99 | 32036.48 |
52 | 32036.48 | 542.63 | 146.83 | 395.80 | 31640.68 |
53 | 31640.68 | 542.63 | 145.02 | 397.61 | 31243.07 |
54 | 31243.07 | 542.63 | 143.20 | 399.43 | 30843.64 |
55 | 30843.64 | 542.63 | 141.37 | 401.26 | 30442.37 |
56 | 30442.37 | 542.63 | 139.53 | 403.10 | 30039.27 |
57 | 30039.27 | 542.63 | 137.68 | 404.95 | 29634.32 |
58 | 29634.32 | 542.63 | 135.82 | 406.81 | 29227.51 |
59 | 29227.51 | 542.63 | 133.96 | 408.67 | 28818.84 |
60 | 28818.84 | 542.63 | 132.09 | 410.55 | 28408.29 |
61 | 28408.29 | 542.63 | 130.20 | 412.43 | 27995.87 |
62 | 27995.87 | 542.63 | 128.31 | 414.32 | 27581.55 |
63 | 27581.55 | 542.63 | 126.42 | 416.22 | 27165.33 |
64 | 27165.33 | 542.63 | 124.51 | 418.12 | 26747.21 |
65 | 26747.21 | 542.63 | 122.59 | 420.04 | 26327.17 |
66 | 26327.17 | 542.63 | 120.67 | 421.97 | 25905.20 |
67 | 25905.20 | 542.63 | 118.73 | 423.90 | 25481.30 |
68 | 25481.30 | 542.63 | 116.79 | 425.84 | 25055.46 |
69 | 25055.46 | 542.63 | 114.84 | 427.79 | 24627.67 |
70 | 24627.67 | 542.63 | 112.88 | 429.75 | 24197.91 |
71 | 24197.91 | 542.63 | 110.91 | 431.72 | 23766.19 |
72 | 23766.19 | 542.63 | 108.93 | 433.70 | 23332.49 |
73 | 23332.49 | 542.63 | 106.94 | 435.69 | 22896.80 |
74 | 22896.80 | 542.63 | 104.94 | 437.69 | 22459.11 |
75 | 22459.11 | 542.63 | 102.94 | 439.69 | 22019.41 |
76 | 22019.41 | 542.63 | 100.92 | 441.71 | 21577.70 |
77 | 21577.70 | 542.63 | 98.90 | 443.73 | 21133.97 |
78 | 21133.97 | 542.63 | 96.86 | 445.77 | 20688.20 |
79 | 20688.20 | 542.63 | 94.82 | 447.81 | 20240.39 |
80 | 20240.39 | 542.63 | 92.77 | 449.86 | 19790.53 |
81 | 19790.53 | 542.63 | 90.71 | 451.92 | 19338.61 |
82 | 19338.61 | 542.63 | 88.64 | 454.00 | 18884.61 |
83 | 18884.61 | 542.63 | 86.55 | 456.08 | 18428.53 |
84 | 18428.53 | 542.63 | 84.46 | 458.17 | 17970.37 |
85 | 17970.37 | 542.63 | 82.36 | 460.27 | 17510.10 |
86 | 17510.10 | 542.63 | 80.25 | 462.38 | 17047.72 |
87 | 17047.72 | 542.63 | 78.14 | 464.50 | 16583.23 |
88 | 16583.23 | 542.63 | 76.01 | 466.62 | 16116.60 |
89 | 16116.60 | 542.63 | 73.87 | 468.76 | 15647.84 |
90 | 15647.84 | 542.63 | 71.72 | 470.91 | 15176.92 |
91 | 15176.92 | 542.63 | 69.56 | 473.07 | 14703.85 |
92 | 14703.85 | 542.63 | 67.39 | 475.24 | 14228.62 |
93 | 14228.62 | 542.63 | 65.21 | 477.42 | 13751.20 |
94 | 13751.20 | 542.63 | 63.03 | 479.61 | 13271.59 |
95 | 13271.59 | 542.63 | 60.83 | 481.80 | 12789.79 |
96 | 12789.79 | 542.63 | 58.62 | 484.01 | 12305.78 |
97 | 12305.78 | 542.63 | 56.40 | 486.23 | 11819.55 |
98 | 11819.55 | 542.63 | 54.17 | 488.46 | 11331.09 |
99 | 11331.09 | 542.63 | 51.93 | 490.70 | 10840.39 |
100 | 10840.39 | 542.63 | 49.69 | 492.95 | 10347.45 |
101 | 10347.45 | 542.63 | 47.43 | 495.21 | 9852.24 |
102 | 9852.24 | 542.63 | 45.16 | 497.48 | 9354.77 |
103 | 9354.77 | 542.63 | 42.88 | 499.76 | 8855.01 |
104 | 8855.01 | 542.63 | 40.59 | 502.05 | 8352.96 |
105 | 8352.96 | 542.63 | 38.28 | 504.35 | 7848.62 |
106 | 7848.62 | 542.63 | 35.97 | 506.66 | 7341.96 |
107 | 7341.96 | 542.63 | 33.65 | 508.98 | 6832.98 |
108 | 6832.98 | 542.63 | 31.32 | 511.31 | 6321.66 |
109 | 6321.66 | 542.63 | 28.97 | 513.66 | 5808.01 |
110 | 5808.01 | 542.63 | 26.62 | 516.01 | 5292.00 |
111 | 5292.00 | 542.63 | 24.25 | 518.38 | 4773.62 |
112 | 4773.62 | 542.63 | 21.88 | 520.75 | 4252.87 |
113 | 4252.87 | 542.63 | 19.49 | 523.14 | 3729.73 |
114 | 3729.73 | 542.63 | 17.09 | 525.54 | 3204.19 |
115 | 3204.19 | 542.63 | 14.69 | 527.95 | 2676.25 |
116 | 2676.25 | 542.63 | 12.27 | 530.37 | 2145.88 |
117 | 2145.88 | 542.63 | 9.84 | 532.80 | 1613.09 |
118 | 1613.09 | 542.63 | 7.39 | 535.24 | 1077.85 |
119 | 1077.85 | 542.63 | 4.94 | 537.69 | 540.16 |
120 | 540.16 | 542.63 | 2.48 | 540.16 | 0.00 |