Does a HELOC required monthly payment apply without a balance?

[Ashton Sharp]

Im considering getting a HELOC on my primary residence. I owe $116,000 and my home is worth about $185,000. Im looking at about 40k on a HELOC and im wondering if I have too pay the monthly even if I havent used the HELOC. Anyone have any experience with this?

[Matt Clark]

@Ashton Sharp nope, the payment is calculated according to the balance of the line, so a $0.00 balance equals a $0.00 payment.