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HELOC and home equity loan calculator

How much you can borrow against your home, the interest-only and repayment payments, and a fixed-rate comparison.

  • Free
  • No sign-up
  • Works on any device

About HELOC and home equity loan calculator

Shows how much you can borrow against your home equity, usually up to a combined loan-to-value limit around 80 to 85 percent, along with interest-only and repayment-phase payments and a fixed-rate home equity loan comparison. HELOC rates are normally variable, so payments can change.

How to use HELOC and home equity loan calculator

  1. Enter your home value and mortgage balance.
  2. Set the lender's maximum loan-to-value and the interest rate.
  3. Compare the borrowing limit with the interest-only and repayment payments.

Why use this tool?

Also known as

Frequently asked questions

What is the difference between HELOC and home equity loan?

A HELOC is a revolving credit line with a variable rate. A home equity loan gives a lump sum with a fixed rate and fixed payments.

How is the borrowing limit calculated?

Home value times the allowed loan-to-value, minus your current mortgage balance. At 85% on 400,000 with 250,000 owed, that is 90,000.

Why is a HELOC payment variable?

HELOC rates often follow a market rate, so the payment can change. The fixed-rate comparison shows what a stable payment would cost.

Is HELOC and home equity loan calculator free?

Yes. HELOC and home equity loan calculator on Toolipedia is free to use, with no sign-up and no watermark.

Is it safe to use?

Yes. Everything is worked out in your browser, and nothing you enter is sent to our server.

Does it work on my phone?

Yes. It works in any modern browser on Android and iPhone, as well as on tablets and computers. There's nothing to install.

Do I need an account?

No. Just open the page and use the tool. There's no sign-up and no email needed.

Can I put HELOC and home equity loan calculator on my own website?

Yes. Use the Embed on your site button under the tool to copy a short piece of code and paste it into your page. It is free, needs no account, and the tool keeps working inside your page.

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