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Updated about 5 years ago,

Rob Bowness's profile image
Rob Bowness's profile image
Rob Bowness
  • Investor
  • from Sparta, NJ
  • Member since May 31, 2019
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User Stats

42
Posts
15
Votes
Rob Bowness's profile image
Rob Bowness's profile image
Rob Bowness
  • Investor
  • from Sparta, NJ
  • Member since May 31, 2019
Connect
Rob Bowness
  • Investor
  • Sparta, NJ
15
Votes |
42
Posts
Creative Real Estate Financing

Calculating the Interest Using MY HELOC

Rob Bowness
  • Investor
  • Sparta, NJ
Posted

I recently completed my HELOC and am trying to determine the interest that I will need to pay. I have a non fixed rate but currently is 5.5%. I want to purchase a property for roughly 140k and will need an additional 30k for rehab. I am trying to determine the interest I will need to payback so I can analyze the numbers. Anyone that can assist me because I am clearly not a mathematician.

Thank you,

Rob B  

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