See your estimated monthly payment, your combined loan-to-value, and how much equity you could borrow against. Free, and nothing to sign up for.
Enter your home value to see results.
CLTV = (mortgage balance + HELOC) ÷ home value. The bar runs from 50% to 100%.
| If the lender allows | Most you could borrow |
|---|---|
| 80% CLTV | – |
| 85% CLTV | – |
| 90% CLTV | – |
| What if the rate rises 2 points? | Payment |
|---|---|
| Draw period | – |
| Repayment period | – |
Estimated total interest over the life of the line: –
Assumes you borrow the full amount up front, the rate never changes, and you only make the required payments. Most HELOC rates are variable, so your real payment can move.
CLTV adds up every loan secured by your home, including your mortgage and the new HELOC, then divides the total by your home's value. Lenders use it to decide how much they will let you borrow. Many cap it at 80% to 85%, and a few go higher.
During the draw period most HELOCs only require interest on what you have borrowed. When repayment starts you pay back principal and interest, so the payment is usually higher. This calculator shows both.
Most are variable and move with an index such as the prime rate, which is why we show a 2 point increase. Some lenders let you lock part of the balance at a fixed rate. Ask each lender.
It is an estimate. Lenders use their own home valuation, set their own limits, and may add fees or require more than the minimum payment. Your lender's quote is the number that counts.
This calculator is for education only and is not an offer of credit. Results are estimates and are not guaranteed. We are not a lender, broker or financial advisor. See our advertiser disclosure.
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