All Forum Posts by: Rob Bowness
Rob Bowness has started 16 posts and replied 41 times.
Post: Calculating the Interest Using MY HELOC
Rob BownessPosted
- Investor
- Sparta, NJ
- Posts 42
- Votes 15
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