Home Equity Loan product from Sterling Federal Bank - Amortization Schedule Calculator

Use the calculator below to calculate your monthly home equity payment for the loan from Sterling Federal Bank. You can adjust loan amount, interest rate, and the home equity term to view the impact on the monthly payment amount. The calculator also provides an amortization table to show the amount of principal and interest payments a borrower will make over the life of the loan.

Home Equity product from Sterling Federal Bank

Product Total Termlength: 15 Years
Interest Rate: 10.875%

Monthly Payment: $ 3,612.03

Date	Principal Balance^?	Monthly Payment^?	Interest^?	Monthly Amortization^?
07/27/2025	$319,287.97	$3,612.03	$2,900.00	$712.03
08/27/2025	$318,569.48	$3,612.03	$2,893.55	$718.48
09/27/2025	$317,844.49	$3,612.03	$2,887.04	$725.00
10/27/2025	$317,112.92	$3,612.03	$2,880.47	$731.57
11/27/2025	$316,374.72	$3,612.03	$2,873.84	$738.20
12/27/2025	$315,629.84	$3,612.03	$2,867.15	$744.89
01/27/2026	$314,878.20	$3,612.03	$2,860.40	$751.64
02/27/2026	$314,119.75	$3,612.03	$2,853.58	$758.45
03/27/2026	$313,354.43	$3,612.03	$2,846.71	$765.32
04/27/2026	$312,582.17	$3,612.03	$2,839.77	$772.26
05/27/2026	$311,802.92	$3,612.03	$2,832.78	$779.26
06/27/2026	$311,016.60	$3,612.03	$2,825.71	$786.32
07/27/2026	$310,223.15	$3,612.03	$2,818.59	$793.44
08/27/2026	$309,422.52	$3,612.03	$2,811.40	$800.63
09/27/2026	$308,614.63	$3,612.03	$2,804.14	$807.89
10/27/2026	$307,799.42	$3,612.03	$2,796.82	$815.21
11/27/2026	$306,976.82	$3,612.03	$2,789.43	$822.60
12/27/2026	$306,146.76	$3,612.03	$2,781.98	$830.05
01/27/2027	$305,309.19	$3,612.03	$2,774.46	$837.58
02/27/2027	$304,464.02	$3,612.03	$2,766.86	$845.17
03/27/2027	$303,611.19	$3,612.03	$2,759.21	$852.83
04/27/2027	$302,750.63	$3,612.03	$2,751.48	$860.56
05/27/2027	$301,882.28	$3,612.03	$2,743.68	$868.35
06/27/2027	$301,006.06	$3,612.03	$2,735.81	$876.22
07/27/2027	$300,121.89	$3,612.03	$2,727.87	$884.16
08/27/2027	$299,229.71	$3,612.03	$2,719.85	$892.18
09/27/2027	$298,329.45	$3,612.03	$2,711.77	$900.26
10/27/2027	$297,421.03	$3,612.03	$2,703.61	$908.42
11/27/2027	$296,504.38	$3,612.03	$2,695.38	$916.65
12/27/2027	$295,579.41	$3,612.03	$2,687.07	$924.96
01/27/2028	$294,646.07	$3,612.03	$2,678.69	$933.34
02/27/2028	$293,704.27	$3,612.03	$2,670.23	$941.80
03/27/2028	$292,753.93	$3,612.03	$2,661.69	$950.34
04/27/2028	$291,794.98	$3,612.03	$2,653.08	$958.95
05/27/2028	$290,827.34	$3,612.03	$2,644.39	$967.64
06/27/2028	$289,850.93	$3,612.03	$2,635.62	$976.41
07/27/2028	$288,865.67	$3,612.03	$2,626.77	$985.26
08/27/2028	$287,871.49	$3,612.03	$2,617.85	$994.19
09/27/2028	$286,868.29	$3,612.03	$2,608.84	$1,003.20
10/27/2028	$285,856.00	$3,612.03	$2,599.74	$1,012.29
11/27/2028	$284,834.54	$3,612.03	$2,590.57	$1,021.46
12/27/2028	$283,803.82	$3,612.03	$2,581.31	$1,030.72
01/27/2029	$282,763.76	$3,612.03	$2,571.97	$1,040.06
02/27/2029	$281,714.28	$3,612.03	$2,562.55	$1,049.49
03/27/2029	$280,655.28	$3,612.03	$2,553.04	$1,059.00
04/27/2029	$279,586.68	$3,612.03	$2,543.44	$1,068.59
05/27/2029	$278,508.41	$3,612.03	$2,533.75	$1,078.28
06/27/2029	$277,420.36	$3,612.03	$2,523.98	$1,088.05
07/27/2029	$276,322.45	$3,612.03	$2,514.12	$1,097.91
08/27/2029	$275,214.59	$3,612.03	$2,504.17	$1,107.86
09/27/2029	$274,096.69	$3,612.03	$2,494.13	$1,117.90
10/27/2029	$272,968.66	$3,612.03	$2,484.00	$1,128.03
11/27/2029	$271,830.40	$3,612.03	$2,473.78	$1,138.25
12/27/2029	$270,681.83	$3,612.03	$2,463.46	$1,148.57
01/27/2030	$269,522.86	$3,612.03	$2,453.05	$1,158.98
02/27/2030	$268,353.37	$3,612.03	$2,442.55	$1,169.48
03/27/2030	$267,173.29	$3,612.03	$2,431.95	$1,180.08
04/27/2030	$265,982.52	$3,612.03	$2,421.26	$1,190.77
05/27/2030	$264,780.95	$3,612.03	$2,410.47	$1,201.57
06/27/2030	$263,568.50	$3,612.03	$2,399.58	$1,212.45
07/27/2030	$262,345.06	$3,612.03	$2,388.59	$1,223.44
08/27/2030	$261,110.53	$3,612.03	$2,377.50	$1,234.53
09/27/2030	$259,864.81	$3,612.03	$2,366.31	$1,245.72
10/27/2030	$258,607.80	$3,612.03	$2,355.02	$1,257.01
11/27/2030	$257,339.40	$3,612.03	$2,343.63	$1,268.40
12/27/2030	$256,059.51	$3,612.03	$2,332.14	$1,279.89
01/27/2031	$254,768.02	$3,612.03	$2,320.54	$1,291.49
02/27/2031	$253,464.82	$3,612.03	$2,308.84	$1,303.20
03/27/2031	$252,149.81	$3,612.03	$2,297.02	$1,315.01
04/27/2031	$250,822.89	$3,612.03	$2,285.11	$1,326.92
05/27/2031	$249,483.94	$3,612.03	$2,273.08	$1,338.95
06/27/2031	$248,132.85	$3,612.03	$2,260.95	$1,351.08
07/27/2031	$246,769.53	$3,612.03	$2,248.70	$1,363.33
08/27/2031	$245,393.84	$3,612.03	$2,236.35	$1,375.68
09/27/2031	$244,005.69	$3,612.03	$2,223.88	$1,388.15
10/27/2031	$242,604.96	$3,612.03	$2,211.30	$1,400.73
11/27/2031	$241,191.54	$3,612.03	$2,198.61	$1,413.42
12/27/2031	$239,765.30	$3,612.03	$2,185.80	$1,426.23
01/27/2032	$238,326.14	$3,612.03	$2,172.87	$1,439.16
02/27/2032	$236,873.94	$3,612.03	$2,159.83	$1,452.20
03/27/2032	$235,408.58	$3,612.03	$2,146.67	$1,465.36
04/27/2032	$233,929.94	$3,612.03	$2,133.39	$1,478.64
05/27/2032	$232,437.90	$3,612.03	$2,119.99	$1,492.04
06/27/2032	$230,932.33	$3,612.03	$2,106.47	$1,505.56
07/27/2032	$229,413.13	$3,612.03	$2,092.82	$1,519.21
08/27/2032	$227,880.15	$3,612.03	$2,079.06	$1,532.98
09/27/2032	$226,333.28	$3,612.03	$2,065.16	$1,546.87
10/27/2032	$224,772.39	$3,612.03	$2,051.15	$1,560.89
11/27/2032	$223,197.36	$3,612.03	$2,037.00	$1,575.03
12/27/2032	$221,608.06	$3,612.03	$2,022.73	$1,589.31
01/27/2033	$220,004.35	$3,612.03	$2,008.32	$1,603.71
02/27/2033	$218,386.10	$3,612.03	$1,993.79	$1,618.24
03/27/2033	$216,753.20	$3,612.03	$1,979.12	$1,632.91
04/27/2033	$215,105.49	$3,612.03	$1,964.33	$1,647.71
05/27/2033	$213,442.85	$3,612.03	$1,949.39	$1,662.64
06/27/2033	$211,765.14	$3,612.03	$1,934.33	$1,677.71
07/27/2033	$210,072.23	$3,612.03	$1,919.12	$1,692.91
08/27/2033	$208,363.98	$3,612.03	$1,903.78	$1,708.25
09/27/2033	$206,640.25	$3,612.03	$1,888.30	$1,723.73
10/27/2033	$204,900.89	$3,612.03	$1,872.68	$1,739.35
11/27/2033	$203,145.78	$3,612.03	$1,856.91	$1,755.12
12/27/2033	$201,374.75	$3,612.03	$1,841.01	$1,771.02
01/27/2034	$199,587.68	$3,612.03	$1,824.96	$1,787.07
02/27/2034	$197,784.41	$3,612.03	$1,808.76	$1,803.27
03/27/2034	$195,964.80	$3,612.03	$1,792.42	$1,819.61
04/27/2034	$194,128.70	$3,612.03	$1,775.93	$1,836.10
05/27/2034	$192,275.96	$3,612.03	$1,759.29	$1,852.74
06/27/2034	$190,406.43	$3,612.03	$1,742.50	$1,869.53
07/27/2034	$188,519.95	$3,612.03	$1,725.56	$1,886.47
08/27/2034	$186,616.38	$3,612.03	$1,708.46	$1,903.57
09/27/2034	$184,695.56	$3,612.03	$1,691.21	$1,920.82
10/27/2034	$182,757.33	$3,612.03	$1,673.80	$1,938.23
11/27/2034	$180,801.54	$3,612.03	$1,656.24	$1,955.79
12/27/2034	$178,828.02	$3,612.03	$1,638.51	$1,973.52
01/27/2035	$176,836.62	$3,612.03	$1,620.63	$1,991.40
02/27/2035	$174,827.17	$3,612.03	$1,602.58	$2,009.45
03/27/2035	$172,799.51	$3,612.03	$1,584.37	$2,027.66
04/27/2035	$170,753.47	$3,612.03	$1,566.00	$2,046.04
05/27/2035	$168,688.89	$3,612.03	$1,547.45	$2,064.58
06/27/2035	$166,605.60	$3,612.03	$1,528.74	$2,083.29
07/27/2035	$164,503.43	$3,612.03	$1,509.86	$2,102.17
08/27/2035	$162,382.21	$3,612.03	$1,490.81	$2,121.22
09/27/2035	$160,241.77	$3,612.03	$1,471.59	$2,140.44
10/27/2035	$158,081.93	$3,612.03	$1,452.19	$2,159.84
11/27/2035	$155,902.51	$3,612.03	$1,432.62	$2,179.41
12/27/2035	$153,703.35	$3,612.03	$1,412.87	$2,199.17
01/27/2036	$151,484.25	$3,612.03	$1,392.94	$2,219.10
02/27/2036	$149,245.05	$3,612.03	$1,372.83	$2,239.21
03/27/2036	$146,985.55	$3,612.03	$1,352.53	$2,259.50
04/27/2036	$144,705.57	$3,612.03	$1,332.06	$2,279.98
05/27/2036	$142,404.93	$3,612.03	$1,311.39	$2,300.64
06/27/2036	$140,083.45	$3,612.03	$1,290.54	$2,321.49
07/27/2036	$137,740.92	$3,612.03	$1,269.51	$2,342.53
08/27/2036	$135,377.16	$3,612.03	$1,248.28	$2,363.76
09/27/2036	$132,991.99	$3,612.03	$1,226.86	$2,385.18
10/27/2036	$130,585.20	$3,612.03	$1,205.24	$2,406.79
11/27/2036	$128,156.59	$3,612.03	$1,183.43	$2,428.60
12/27/2036	$125,705.98	$3,612.03	$1,161.42	$2,450.61
01/27/2037	$123,233.16	$3,612.03	$1,139.21	$2,472.82
02/27/2037	$120,737.93	$3,612.03	$1,116.80	$2,495.23
03/27/2037	$118,220.08	$3,612.03	$1,094.19	$2,517.84
04/27/2037	$115,679.42	$3,612.03	$1,071.37	$2,540.66
05/27/2037	$113,115.73	$3,612.03	$1,048.34	$2,563.69
06/27/2037	$110,528.81	$3,612.03	$1,025.11	$2,586.92
07/27/2037	$107,918.45	$3,612.03	$1,001.67	$2,610.36
08/27/2037	$105,284.42	$3,612.03	$978.01	$2,634.02
09/27/2037	$102,626.53	$3,612.03	$954.14	$2,657.89
10/27/2037	$99,944.55	$3,612.03	$930.05	$2,681.98
11/27/2037	$97,238.27	$3,612.03	$905.75	$2,706.28
12/27/2037	$94,507.46	$3,612.03	$881.22	$2,730.81
01/27/2038	$91,751.90	$3,612.03	$856.47	$2,755.56
02/27/2038	$88,971.37	$3,612.03	$831.50	$2,780.53
03/27/2038	$86,165.64	$3,612.03	$806.30	$2,805.73
04/27/2038	$83,334.48	$3,612.03	$780.88	$2,831.16
05/27/2038	$80,477.67	$3,612.03	$755.22	$2,856.81
06/27/2038	$77,594.97	$3,612.03	$729.33	$2,882.70
07/27/2038	$74,686.14	$3,612.03	$703.20	$2,908.83
08/27/2038	$71,750.95	$3,612.03	$676.84	$2,935.19
09/27/2038	$68,789.16	$3,612.03	$650.24	$2,961.79
10/27/2038	$65,800.53	$3,612.03	$623.40	$2,988.63
11/27/2038	$62,784.82	$3,612.03	$596.32	$3,015.71
12/27/2038	$59,741.77	$3,612.03	$568.99	$3,043.04
01/27/2039	$56,671.15	$3,612.03	$541.41	$3,070.62
02/27/2039	$53,572.70	$3,612.03	$513.58	$3,098.45
03/27/2039	$50,446.17	$3,612.03	$485.50	$3,126.53
04/27/2039	$47,291.31	$3,612.03	$457.17	$3,154.86
05/27/2039	$44,107.85	$3,612.03	$428.58	$3,183.45
06/27/2039	$40,895.55	$3,612.03	$399.73	$3,212.30
07/27/2039	$37,654.13	$3,612.03	$370.62	$3,241.42
08/27/2039	$34,383.34	$3,612.03	$341.24	$3,270.79
09/27/2039	$31,082.91	$3,612.03	$311.60	$3,300.43
10/27/2039	$27,752.56	$3,612.03	$281.69	$3,330.34
11/27/2039	$24,392.04	$3,612.03	$251.51	$3,360.52
12/27/2039	$21,001.06	$3,612.03	$221.05	$3,390.98
01/27/2040	$17,579.35	$3,612.03	$190.32	$3,421.71
02/27/2040	$14,126.63	$3,612.03	$159.31	$3,452.72
03/27/2040	$10,642.62	$3,612.03	$128.02	$3,484.01
04/27/2040	$7,127.04	$3,612.03	$96.45	$3,515.58
05/27/2040	$3,579.59	$3,612.03	$64.59	$3,547.44
06/27/2040	$0.00	$3,612.03	$32.44	$3,579.59
TOTAL:	-	$650,165.79	$330,165.79	$320,000.00

Change options for different scenario in the form below:

Featured New York Home Equity Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Achieve Loans	10.000 % %	$538	Learn More
Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 640 More Info
Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501). Equal Housing Opportunity. Offers may vary and loan requests are subject to eligibility requirements, application review, loan amount, loan term, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio, and combined loan-to-value ratio. 10, 15, 20, and 30-year terms available. Minimum 600 credit score applies for debt consolidation requests (20 and 30 year terms require a minimum credit score of 640), minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 6.74% - 14.75% and are assigned based on underwriting requirements; offer APRs may include a discount for automatic payment enrollment (autopay enrollment is not a condition of loan approval). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month and can fluctuate during the draw period. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. Combined loan-to-value ratio may not exceed 80% (20 and 30 year debt consolidation requests may not exceed 75%), including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Equal Housing Opportunity. Contact Achieve Loans for further details.
Owning.com	Find what’s best for you: HELOC, Home Equity Loan, Cash Out Refi		Learn More
Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed. More Info
Owning is a division of Guaranteed Rate, Inc, NMLS #2611 Headquarters: 3940 N Ravenswood, Chicago IL 60613. A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and government fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
AmeriSave Mortgage Corporation	Home Equity Loans & Refinance – Cash out		Learn More
Home Equity Loans & Refinance – Cash out Customized rate quote with no impact to credit Low Rates, Quick Approvals, Wide Range of Products Over 100 Billion Funded. 22 Years in Business More Info
• Home Equity Loans & Refinance – Cash out • Customized rate quote with no impact to credit • Low Rates, Quick Approvals, Wide Range of Products • Over 100 Billion Funded. 22 Years in Business
Figure Home Equity Line Equal Housing Lender	HELOC approval in 5 minutes, funding in 5 days. Borrow up to $750k online.		Learn More
Fastest way to turn home equity into cash Flexible terms, redraw up to 100%, borrow $15k-$750k Approval in as little as 5 minutes. Funding in as few as 5 days. Use to consolidate debt or finance your next home project More Info
The Figure Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Approval may be granted in fi ve minutes but is ultimately subject to verifi cation of income and employment, as well as verifi cation that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary, and where loan amounts are under $400,000 which would not require an appraisal. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing, or that require a waiting period prior to closing, or where loan amounts exceed $400,000.
Upstart	As low as 6.3% APR on your initial draw*		Learn More
As low as 6.3% APR on your initial draw* Get your money up to 6x faster than the industry standard* Fixed rate on each draw* No paperwork needed to apply More Info
1. APRs for initial advances range from 6.3% to 18.00% based on funded HELOCs as of September 2024. Your actual rate will depend on many factors such as your credit history, loan-to-value ratio, line amount, loan term, lien position, and property state. The lowest rates are only available to the most qualified applicants. The APR is variable, but the APR that will apply to each draw will be fixed on the date the draw is made. 2. As of October 2024, 10% of funded HELOCs achieved a closing timeline of 6 days or less and a funding timeline of 10 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline. MBA’s 2024 Home Lending Study reports an average industry closing time of 31 days. 3. A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.
Point Digital Finance	Get up to $500k with no monthly payments, ever.		Learn More
Use your funds your way No income verification - ideal for self-employment or retirement planning Enjoy maximum flexibility - 30 year term, no prepayment penalties Home Equity Investments are not considered a loan in all states More Info
Pointʼs Home Equity Investment (HEI) is an entirely new way to unlock your homeʼs wealth. Point partners with and invests alongside the homeowner in the property. Subject to underwriting approval, Point will pay you an upfront, lump sum amount in exchange for a portion of your home’s future appreciation. Future appreciation is based on using the risk adjusted Appreciation Starting Value and calculating any gain or loss based on the final appraised value of your home at the time of exit. Point charges up to a 3.9% processing fee (subject to a $2,000 minimum) and other third party paid closing costs such as appraisal, escrow, and government fees. The term is 30 years. Point will place a lien on your home to secure performance of the underlying agreement. There are no monthly payments or interest accrual. Homeowner’s repayment amount is based on the future value of the subject property at the time of exit, as outlined in the underlying agreement.
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.

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