Overview
What Is a HELOC Calculator?
This tool calculates your available home equity line of credit and estimated interest-only payment, based on home value, mortgage balance, and loan-to-value limit.
Calculate home equity line of credit payments.
This tool calculates your available home equity line of credit and estimated interest-only payment, based on home value, mortgage balance, and loan-to-value limit.
Useful for understanding how much equity you could potentially borrow against.
Input your home's current estimated value.
Input your remaining mortgage balance.
Input the lender's typical LTV limit.
Results update automatically.
A Home Equity Line of Credit - a revolving credit line secured by your home's equity.
(Home Value × Max LTV%) - Current Mortgage Balance = Available HELOC amount.
Often 80-85% combined loan-to-value, though this varies significantly by lender and borrower qualification.
Often variable, tied to a benchmark rate plus a margin - though some lenders offer fixed-rate options.
No, calculations happen entirely in your browser.
No, this provides a general estimate - actual approval depends on your credit, income, and specific lender criteria.
The time period (often 5-10 years) during which you can borrow against your HELOC, often with interest-only payments.
No, a HELOC is revolving credit (like a credit card); a home equity loan is a lump-sum fixed loan.
No, this is an estimation tool - consult a lender for actual HELOC terms and approval.
Yes, completely free with no sign-up required.