HELOC Draw + Repayment Example¶

Simulating a $100,000 HELOC with a 10-year interest-only draw and 15-year repayment.

Loan Parameters¶

Type: HELOC
Balance: $100,000
Index: SOFR
Margin: 2.5%
Draw Period: 120 months (10 years)
Repayment Term: 180 months
Total Term: 300 months

CLI Command¶

python -m cli.cli amortize \
  --type heloc \
  --balance 100000 \
  --rate 6.5 \
  --term 300 \
  --index SOFR \
  --margin 2.5 \
  --draw-period 120 \
  --repayment-term 180

Timeline¶

Draw Phase (0–120 months): Interest-only payments

Repayment Phase (121–300 months): Fully amortizing principal + interest