Free HELOC Calculator
Estimate your available home equity line of credit in seconds.
1.Estimate Your HELOC Amount
Start by entering your property's details to see your potential credit line.
Your estimated HELOC amount:
$132,500
2.Analyze Payments & Loan Cost
Now, enter the loan terms to understand your monthly payments and total cost.
Interest-Only Payment
$828/mo
Principal & Interest Payment
$1,067/mo
Monthly Payment Comparison
Understanding Your Home Equity
A Home Equity Line of Credit (HELOC) is a flexible loan secured by your home equity. It functions like a credit card, allowing you to borrow what you need, when you need it. Use our free HELOC calculator to see your potential borrowing power.
Learn more about what a HELOC is →From our Learning Hub
HELOC vs. Cash-Out Refinance
Both let you tap equity, but they work very differently. We break down the pros and cons to help you choose.
Read Comparison →Understanding HELOC Risks
A HELOC is a powerful tool, but it's crucial to understand the risks involved, from variable rates to foreclosure.
Learn About Risks →Frequently Asked Questions
Typically, lenders allow you to borrow up to 85% of your home's value, minus your outstanding mortgage balance. Factors like your credit score and debt-to-income ratio also play a crucial role. Our home equity line of credit estimator provides a reliable calculation based on these factors.
A HELOC is a flexible line of credit you draw from as needed, while a cash-out refinance replaces your entire mortgage with a new, larger one, giving you the difference in cash. A HELOC is often better if you have a great rate on your current mortgage. Read our full comparison.
HELOC rates are typically variable and tied to the U.S. Prime Rate. Your specific rate depends on the Prime Rate plus a margin determined by your creditworthiness. While we don't publish live rates, our calculator helps you understand how different rates affect your payments. For more details, see our guide on rates and fees.