How is interest calculated on heloc vs mortgage

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Mortgage VS HELOC: Can a Home Equity Line of Credit save interest?
A conventional mortgage calculates interest using a method known as compound interest. When you first take out the loan, the entire amount owed is calculated in. Most HELOCs charge variable interest rates. Those rates are tied to a benchmark interest rate and can adjust up or down. You may be able to convert some or all. Home equity loans and home equity lines of credit (HELOCs) are both secured by the borrower's home, and they usually have much more attractive interest rates.