Home Equity Calculator
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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How to Use Home Equity Calculator
- 1Enter home value and mortgage balance
- 2View equity and LTV ratio
- 3Set HELOC rate and draw amount
- 4See monthly payments and borrowing limits
Frequently Asked Questions
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.
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 Home Equity 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.
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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About Home Equity Calculator
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.
Use the controls shown by Home Equity Calculator to generate and review your result. Available features and usage limits depend on your plan. Check the tool's instructions and privacy information before submitting data.
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