Heloc Minimum Payments

[James Edwards]

Hello,

Curious as to how minimum payments work. Beginning is interest only. 

Current Heloc is around 6% interest, and a minimum payment of $100.00.

Would it work like option a or b?

A:

$1,000 x .005 (.6/12)= $5.00 a month minimum payment

B: $1,000x.005 = $5.00 a month minimum payment, but the actual minimum is $100, of which 95 goes to principal and $5 to interest?