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DementedReality · 09-21-2006, 03:17 PM

how do you calculate the interest only portion of a HELOC?

is it this simple?

principle: $100,000
interest: 6%
Interest = $6,000 per year / $500 per month?

09-21-2006, 03:17 PM	#44
DementedReality Lifetime Suspension Join Date: Aug 2004 Exp:	how do you calculate the interest only portion of a HELOC? is it this simple? principle: $100,000 interest: 6% Interest = $6,000 per year / $500 per month?