HOME EQUITY LOAN & LINE OF CREDIT PAYOFF CALCULATOR

FIND OUT HOW LONG IT WILL TAKE TO PAY OFF YOUR LOAN

Once you have closed your home equity loan or finished the draw period of a home equity line of credit, your monthly payment amount will determine how fast you pay off your debt. This calculator will instantly show you the months to payoff for different loan amounts and monthly payments.

Before you take on a new loan, it is always a good idea to see if the monthly payment will fit in your budget and safeguard against negative impacts on future plans. Using this calculator will help you see how long it will take to pay off a desired loan amount with your preferred monthly payment.

Please keep in mind that home equity loans and lines of credit generally have a 10-year maximum repayment period, although that can vary by financial institution and your financial condition.

Home Equity/Manufactured - Park Model Rates

Table comparing different rates
Effective date: October 1, 2024 APR** Months Periodic Rate Range
Effective date: October 1, 2024
Home Equity Loan
APR**
8.50% - 10.50%
Months
*Up to 240 Months
Periodic Rate Range
0.023288% to 0.028767%
Home Equity Fixed For Five Years
APR**
8.50% - 10.00%
Periodic Rate Range
0.023288% to 0.027397%
Plus Line - Variable Rate Terms
APR**
8.00% - 9.75%
Periodic Rate Range
0.023288% to 0.028082%
Plus Line - Fixed Rate Terms
APR**
8.25% - 10.75%
Periodic Rate Range
0.023973% to 0.030822%
Manufactured - Park Model
APR**
8.50% - 10.00%
Periodic Rate Range
0.023288% to 0.027397%

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