Loan Information Loan balance? $ Interest rate? % Monthly charges? $ Monthly payment? $ Printer-friendly version Loan Information Monthly Payment Total Interest Months to Pay Off Chart Table Submit The length of time it will take to pay off a home equity loan or line of credit is primarily driven by the interest rate being paid on the outstanding balance, how much you continue to use the line of credit and what monthly payment is made each month. Decreasing any additional spending and increasing monthly payments are an effective strategy for paying off the outstanding balance in a shorter period.