Calculator
Home Equity Calculator
Calculate your home equity, HELOC borrowing power, home equity loan payments, and cash-out refinance options.
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Home Equity Calculator
Find out how much equity you have and explore HELOC, home equity loan, and cash-out refinance options.
đ Your Home Details
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đYour Home Equity
Home Equity
$170,000
Equity %
37.8%
LTV Ratio
62.2%
Max Borrowable
$102,500
at 85% LTV
Mortgage Balance: $280,000Home Value: $450,000
Mortgage
Equity
đExplore Your Options
HELOC Settings
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How HELOCs work: A line of credit you draw from as needed. Rates are variable (tied to Prime Rate). Interest-only payments during draw period, then full P&I repayment.
HELOC Estimate
Credit Line Available$102,500
Draw Amount$102,500
Interest-Only Payment$726.04/mo
Full P&I Payment$1,270.85/mo
Rate (variable)8.5%
âšī¸Understanding Home Equity
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HELOC
A revolving line of credit with a variable rate. Draw what you need when you need it. Best for ongoing expenses like renovations.
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Home Equity Loan
A fixed-rate lump-sum loan. Predictable payments. Best for one-time expenses like debt consolidation or a large purchase.
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Cash-Out Refinance
Replaces your mortgage with a larger loan. Get cash and potentially a lower rate. Best when rates are lower than your current mortgage.