Schedule & payoff

Repayment period

Also known as: HELOC repayment, repayment phase

The phase after the draw period when the remaining balance is paid down.

After the draw period, the remaining HELOC balance is usually repaid over a set term (often 10–20 years) with fully amortizing principal-and-interest payments. Monthly payments often rise compared with interest-only draw payments because principal is included.

See also