How much does a $125,000 HELOC cost per month now that rates have dropped?

If you’re considering a home equity line of credit (HELOC), now might be a great time to take advantage of the shifting interest rate environment. With rates dropping and expected to continue falling, HELOC payments could become more affordable in the coming months. Currently, a $125,000 HELOC could cost around $1,245 to $1,563 per month, depending on the repayment period, at today’s rates. As rates decrease further, these payments could also drop. However, it’s important to remember that HELOC rates are variable, so future rate increases could impact monthly payments. Overall, a HELOC could be a cost-effective borrowing option, especially for homeowners with significant equity.