Calculate your current home equity, loan-to-value ratio, and maximum HELOC borrowing power at 80% and 90% LTV. Estimate HELOC monthly payments for different draw amounts and repayment terms. See combined mortgage and HELOC payment projections.
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Home equity = current market value - mortgage balance. If your home is worth $400,000 and you owe $250,000, your equity is $150,000 (37.5%). Use online estimators (Zillow, Redfin) for approximate value, or get a professional appraisal for accuracy.
Most lenders allow up to 80% of home value minus mortgage balance. Example: $400,000 home × 80% = $320,000 - $250,000 mortgage = $70,000 max HELOC. Some lenders offer up to 90% for excellent credit.
HELOC is a revolving credit line with variable rate — draw funds as needed, pay interest only on what you use. Home equity loan is a lump sum with fixed rate and fixed payments. Choose HELOC for flexibility or HEL for payment predictability.
Yes, the Home Equity Calculator is 100% free to use with no limitations. There is no registration required, no daily usage caps, and no hidden fees. You can use it as many times as you need.
The Home Equity Calculator uses industry-standard formulas and algorithms to deliver reliable results. While the tool is designed for accuracy, results should be used as estimates and guidance. For critical decisions, always consult a qualified professional.
Yes, the Home Equity Calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers. Simply open NexTool in your mobile browser and navigate to the tool — no app download required.
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Calculate your current home equity, loan-to-value ratio, and maximum HELOC borrowing power at 80% and 90% LTV. Estimate HELOC monthly payments for different draw amounts and repayment terms. See combined mortgage and HELOC payment projections.
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| Draw Amount | Monthly (P+I) | Interest Only | Total Interest |
|---|---|---|---|
| $25,000 | $309.96 | $177.08 | $12,196 |
| $50,000 | $619.93 | $354.17 | $24,391 |
| $75,000 | $929.89 | $531.25 | $36,587 |