Support Home Loans How is the payment calculated on a Line of Credit? How is the payment calculated on a Line of Credit? The payment is calculated at $40 per $1000 with a minimum of $25. Related Questions: Can we take loan payments over the phone? My home is paid for. Can I still obtain a home equity loan? Will we loan on a vehicle that is being purchased or shipped out of the country? Which value do I use for a Home Equity or HELOC - RMV or Zillow? Was this article helpful? Yes / No