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Updated over 5 years ago on . Most recent reply

Calculating the Interest Using MY HELOC
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