HELOC Calculator

Most lenders allow a combined loan-to-value (CLTV) ratio of 80-85%. So if your home is worth $400,000 and you owe $250,000, your available equity is $400,000 × 85% - $250,000 = $90,000.

A HELOC has two phases: a draw period (typically 10 years) where you can borrow and make interest-only payments, and a repayment period (typically 20 years) where you pay principal plus interest on the outstanding balance.

HELOC rates are typically variable, based on the prime rate plus a margin. As of 2024, rates range from 8-10% depending on credit score and LTV ratio. Some lenders offer fixed-rate conversion options.

Using the HELOC Calculator is simple: visit the tool page, enter your data or input into the provided fields, and get instant results. Follow the controls on the page. Some functions require sign-in or a paid plan; see Pricing for limits.

The Free plan includes 10 tool uses per day. Some features require an account or a paid plan. Check the controls on the tool page and Pricing for the applicable limits.

The HELOC Calculator returns results based on the inputs and the tool methodology. Check assumptions, units and source dates. Treat projections as estimates. For critical decisions, always consult a qualified professional.

Local calculations run in your browser. AI features, accounts, saved reports and external data requests use server services. Check the tool description and privacy policy for the relevant processing and storage.