Home Equity Line of Credit product from Westamerica Bank - Amortization Schedule Calculator

Use the calculator below to calculate your monthly home equity payment for the line of credit from Westamerica 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 line of credit.

Home Equity product from Westamerica Bank

Product Total Termlength: 10 Years
Interest Rate: 4%
Rate change (per year): 0.1%

Monthly Payment: Year 1: $2,594.41, Year 2: $2,657.68, Year 3: $2,720.96, Year 4: $2,784.24, Year 5: $2,847.52, Year 6: $2,910.80, Year 7: $2,974.08, Year 8: $3,037.35, Year 9: $3,100.63, Year 10: $3,163.91,

Date	Principal Balance^?	Monthly Payment^?	Interest^?	Monthly Amortization^?
09/23/2021	$250,000.00	$2,594.41	$854.17	$1,740.24
10/23/2021	$248,259.76	$2,594.41	$854.17	$1,740.24
11/23/2021	$246,513.57	$2,594.41	$848.22	$1,746.19
12/23/2021	$244,761.42	$2,594.41	$842.25	$1,752.15
01/23/2022	$243,003.28	$2,594.41	$836.27	$1,758.14
02/23/2022	$241,239.14	$2,594.41	$830.26	$1,764.15
03/23/2022	$239,468.97	$2,594.41	$824.23	$1,770.17
04/23/2022	$237,692.74	$2,594.41	$818.19	$1,776.22
05/23/2022	$235,910.45	$2,594.41	$812.12	$1,782.29
06/23/2022	$234,122.08	$2,594.41	$806.03	$1,788.38
07/23/2022	$232,327.59	$2,594.41	$799.92	$1,794.49
08/23/2022	$230,526.96	$2,594.41	$793.79	$1,800.62
09/23/2022	$228,676.12	$2,657.68	$806.84	$1,850.84
10/23/2022	$226,818.81	$2,657.68	$800.37	$1,857.32
11/23/2022	$224,954.99	$2,657.68	$793.87	$1,863.82
12/23/2022	$223,084.64	$2,657.68	$787.34	$1,870.34
01/23/2023	$221,207.76	$2,657.68	$780.80	$1,876.89
02/23/2023	$219,324.30	$2,657.68	$774.23	$1,883.46
03/23/2023	$217,434.25	$2,657.68	$767.64	$1,890.05
04/23/2023	$215,537.58	$2,657.68	$761.02	$1,896.67
05/23/2023	$213,634.28	$2,657.68	$754.38	$1,903.30
06/23/2023	$211,724.32	$2,657.68	$747.72	$1,909.96
07/23/2023	$209,807.67	$2,657.68	$741.04	$1,916.65
08/23/2023	$207,884.31	$2,657.68	$734.33	$1,923.36
09/23/2023	$205,908.26	$2,720.96	$744.92	$1,976.04
10/23/2023	$203,925.14	$2,720.96	$737.84	$1,983.13
11/23/2023	$201,934.91	$2,720.96	$730.73	$1,990.23
12/23/2023	$199,937.54	$2,720.96	$723.60	$1,997.36
01/23/2024	$197,933.02	$2,720.96	$716.44	$2,004.52
02/23/2024	$195,921.32	$2,720.96	$709.26	$2,011.70
03/23/2024	$193,902.41	$2,720.96	$702.05	$2,018.91
04/23/2024	$191,876.26	$2,720.96	$694.82	$2,026.15
05/23/2024	$189,842.86	$2,720.96	$687.56	$2,033.41
06/23/2024	$187,802.16	$2,720.96	$680.27	$2,040.69
07/23/2024	$185,754.16	$2,720.96	$672.96	$2,048.01
08/23/2024	$183,698.81	$2,720.96	$665.62	$2,055.34
09/23/2024	$181,588.13	$2,784.24	$673.56	$2,110.68
10/23/2024	$179,469.72	$2,784.24	$665.82	$2,118.42
11/23/2024	$177,343.53	$2,784.24	$658.06	$2,126.19
12/23/2024	$175,209.55	$2,784.24	$650.26	$2,133.98
01/23/2025	$173,067.74	$2,784.24	$642.44	$2,141.81
02/23/2025	$170,918.08	$2,784.24	$634.58	$2,149.66
03/23/2025	$168,760.54	$2,784.24	$626.70	$2,157.54
04/23/2025	$166,595.09	$2,784.24	$618.79	$2,165.45
05/23/2025	$164,421.70	$2,784.24	$610.85	$2,173.39
06/23/2025	$162,240.33	$2,784.24	$602.88	$2,181.36
07/23/2025	$160,050.97	$2,784.24	$594.88	$2,189.36
08/23/2025	$157,853.59	$2,784.24	$586.85	$2,197.39
09/23/2025	$155,598.02	$2,847.52	$591.95	$2,255.57
10/23/2025	$153,333.99	$2,847.52	$583.49	$2,264.03
11/23/2025	$151,061.47	$2,847.52	$575.00	$2,272.52
12/23/2025	$148,780.44	$2,847.52	$566.48	$2,281.04
01/23/2026	$146,490.84	$2,847.52	$557.93	$2,289.59
02/23/2026	$144,192.66	$2,847.52	$549.34	$2,298.18
03/23/2026	$141,885.87	$2,847.52	$540.72	$2,306.80
04/23/2026	$139,570.42	$2,847.52	$532.07	$2,315.45
05/23/2026	$137,246.29	$2,847.52	$523.39	$2,324.13
06/23/2026	$134,913.44	$2,847.52	$514.67	$2,332.85
07/23/2026	$132,571.85	$2,847.52	$505.93	$2,341.59
08/23/2026	$130,221.47	$2,847.52	$497.14	$2,350.38
09/23/2026	$127,809.86	$2,910.80	$499.18	$2,411.62
10/23/2026	$125,389.00	$2,910.80	$489.94	$2,420.86
11/23/2026	$122,958.86	$2,910.80	$480.66	$2,430.14
12/23/2026	$120,519.40	$2,910.80	$471.34	$2,439.46
01/23/2027	$118,070.60	$2,910.80	$461.99	$2,448.81
02/23/2027	$115,612.40	$2,910.80	$452.60	$2,458.19
03/23/2027	$113,144.79	$2,910.80	$443.18	$2,467.62
04/23/2027	$110,667.71	$2,910.80	$433.72	$2,477.08
05/23/2027	$108,181.14	$2,910.80	$424.23	$2,486.57
06/23/2027	$105,685.03	$2,910.80	$414.69	$2,496.10
07/23/2027	$103,179.36	$2,910.80	$405.13	$2,505.67
08/23/2027	$100,664.09	$2,910.80	$395.52	$2,515.28
09/23/2027	$98,084.28	$2,974.08	$394.27	$2,579.81
10/23/2027	$95,494.37	$2,974.08	$384.16	$2,589.91
11/23/2027	$92,894.31	$2,974.08	$374.02	$2,600.06
12/23/2027	$90,284.07	$2,974.08	$363.84	$2,610.24
01/23/2028	$87,663.61	$2,974.08	$353.61	$2,620.46
02/23/2028	$85,032.88	$2,974.08	$343.35	$2,630.73
03/23/2028	$82,391.85	$2,974.08	$333.05	$2,641.03
04/23/2028	$79,740.47	$2,974.08	$322.70	$2,651.37
05/23/2028	$77,078.71	$2,974.08	$312.32	$2,661.76
06/23/2028	$74,406.53	$2,974.08	$301.89	$2,672.18
07/23/2028	$71,723.88	$2,974.08	$291.43	$2,682.65
08/23/2028	$69,030.72	$2,974.08	$280.92	$2,693.16
09/23/2028	$66,269.49	$3,037.35	$276.12	$2,761.23
10/23/2028	$63,497.22	$3,037.35	$265.08	$2,772.28
11/23/2028	$60,713.85	$3,037.35	$253.99	$2,783.37
12/23/2028	$57,919.35	$3,037.35	$242.86	$2,794.50
01/23/2029	$55,113.67	$3,037.35	$231.68	$2,805.68
02/23/2029	$52,296.78	$3,037.35	$220.45	$2,816.90
03/23/2029	$49,468.61	$3,037.35	$209.19	$2,828.17
04/23/2029	$46,629.13	$3,037.35	$197.87	$2,839.48
05/23/2029	$43,778.29	$3,037.35	$186.52	$2,850.84
06/23/2029	$40,916.05	$3,037.35	$175.11	$2,862.24
07/23/2029	$38,042.36	$3,037.35	$163.66	$2,873.69
08/23/2029	$35,157.18	$3,037.35	$152.17	$2,885.18
09/23/2029	$32,200.10	$3,100.63	$143.56	$2,957.07
10/23/2029	$29,230.95	$3,100.63	$131.48	$2,969.15
11/23/2029	$26,249.68	$3,100.63	$119.36	$2,981.27
12/23/2029	$23,256.23	$3,100.63	$107.19	$2,993.45
01/23/2030	$20,250.56	$3,100.63	$94.96	$3,005.67
02/23/2030	$17,232.62	$3,100.63	$82.69	$3,017.94
03/23/2030	$14,202.36	$3,100.63	$70.37	$3,030.27
04/23/2030	$11,159.72	$3,100.63	$57.99	$3,042.64
05/23/2030	$8,104.65	$3,100.63	$45.57	$3,055.06
06/23/2030	$5,037.11	$3,100.63	$33.09	$3,067.54
07/23/2030	$1,957.05	$3,100.63	$20.57	$3,080.06
08/23/2030	$-1,135.59	$3,100.63	$7.99	$3,092.64
09/23/2030	$-4,304.23	$3,163.91	$-4.73	$3,168.64
10/23/2030	$-7,486.08	$3,163.91	$-17.93	$3,181.84
11/23/2030	$-10,681.18	$3,163.91	$-31.19	$3,195.10
12/23/2030	$-13,889.60	$3,163.91	$-44.50	$3,208.42
01/23/2031	$-17,111.38	$3,163.91	$-57.87	$3,221.78
02/23/2031	$-20,346.59	$3,163.91	$-71.30	$3,235.21
03/23/2031	$-23,595.28	$3,163.91	$-84.78	$3,248.69
04/23/2031	$-26,857.50	$3,163.91	$-98.31	$3,262.22
05/23/2031	$-30,133.32	$3,163.91	$-111.91	$3,275.82
06/23/2031	$-33,422.78	$3,163.91	$-125.56	$3,289.47
07/23/2031	$-36,725.95	$3,163.91	$-139.26	$3,303.17
08/23/2031	$-40,042.89	$3,163.91	$-153.02	$3,316.94
TOTAL:	-	$345,499.03	$53,715.90	$291,783.13

Change options for different scenario in the form below:

Featured Connecticut Home Equity Rates 2021

Lender	APR (%)^?	Monthly Payment^?	Learn More
New American Funding See Table	Access Your Home’s Equity with a Cash-Out Refinance		Learn More
Home Improvement, Buy a Vacation Home 185k+ positive reviews, A+ rating from the BBB Pay off higher interest rate credit cards, Pay college tuition 100% online mortgage application available More Info
Access Your Home’s Equity with a Cash-Out Refinance
BMO Harris Bank Equal Housing Lender See Table	Intro APR 1.790 % After Intro: 4.840 % Intro Period: 6 months	$0	Learn More
Low Intro Rates On A HELOC Special Offer - Apply Now More Info
Get intro rates on a Home Equity Line of Credit as low as 1.79% APR for 6 months, with as low as 3.54% APR thereafter.*
Third Federal Savings and Loan Equal Housing Lender See Table	2.240 %	$0	Learn More
Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com.
Figure Home Equity Line Equal Housing Lender See Table	FIXED rates from 3.00% APR*. HELOC up to $250K. Funding as fast as 5 days		Learn More
Seamless process with fixed rates from 2.49% APR*. HELOC up to $250K 100% digital app & online appraisal Use to consolidate debt or finance your next project Apply in 5 minutes, funding as fast as 5 days. 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.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Home Equity Line of Credit product from Westamerica Bank - Amortization Schedule Calculator

Home Equity product from Westamerica Bank

Featured Connecticut Home Equity Rates 2021

Home Equity and Mortgage Rate Newsletter

Download a Free eBook