Loan Information Loan amount? $ Equity Loan Interest rate? % Loan term (years)? Line of Credit Interest rate? % Payoff schedule? - Select -Interest Only1% of Balance1-1.5% of Balance2% of Balance2.5% of Balance3% of BalanceSame as Loan Minimum payment? $ Printer-friendly version Home Equity Payment Summary Home Equity Loan Payment Initial Home Equity Line of Credit Payment Chart Table Submit Home equity lines of credit often have more flexible repayment terms than a standard home equity loan. Home equity loan payments are typically fixed over the repayment period, while home equity lines of credit can offer interest-only payment terms, or outstanding balances can be repaid using a variety of repayment strategies.