HELOC planning tools

Compare offers, payments and project stages using your own assumptions.

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Offer comparison worksheet

Copy the written terms. Do not include names or account numbers. This worksheet does not rank offers.

Offer A

Lender / offer labelCredit limit and amount neededIndex + margin; introductory end dateRate caps and floorsMinimum initial draw and holding periodDraw period and repayment termPayment calculation; balloon, if anyClosing, annual and inactivity feesEarly closure / fee reimbursementFixed-rate conversion terms and feesSale / payoff process and expected timing

Offer B

Payments, rate change and total cost

Illustrative monthly model of one advance. Existing debt is modeled as a fixed-rate amortizing loan, not actual credit-card minimums. The new line pays interest only during the draw period, then amortizes. No further draws, extra payments or recurring fees are modeled. Daily accrual and actual contract terms can change results. Enter your own assumptions; these are not quotes.

Amount borrowed ($)Existing debt annual rate (%)Existing debt remaining monthsNew starting annual rate (%)Interest-only draw months (0 for amortizing now)Repayment months after draw periodOne-time fees ($)Comparison horizon in monthsRate changes at start of monthAnnual rate after change (%)

Finance one-time fees (if the lender permits)

Compare payments plus remaining balance plus upfront fees at the same date. A smaller payment can leave more debt. Future rates are unknown; the single rate change is only a scenario. Your home secures the HELOC.

Project draw planner

Separate invoices by stage. The contingency is an amount you choose. The initial advance does not change project cost. This tool does not estimate interest or approve a credit line.

Invoices due now ($)Second stage ($)Remaining work ($)Contingency ($)Required initial advance ($)Assumed available credit limit ($)

Prepare your conversation

Request a HELOC review

These scenarios are educational, not tax advice or approval. Consult the lender’s actual terms.

CFPB: HELOC · CFPB: fees

Dawn M. Muñoz

Co-Founder · Residential Broker · 20+ years in mortgage operations

Equal Housing Opportunity · Stonehaven Lending · NMLS #1752355
GA Residential Mortgage Licensee #19721 · MLO #169068 · AL #22874 · TN #165060 · FL #MBR3925 · NC #B-198926 · SC
Estimates only - subject to verification, appraisal, and lender approval. Stonehaven Lending is a mortgage brokerage, not a direct lender. HELOC rates are typically variable and payments may increase. Program availability varies by state. NMLS Consumer Access · Privacy

Prepare the next decision

Before committing the money, review when HELOC funds become usable, what a restricted credit line means for a project and keeping a HELOC when refinancing the first mortgage.