HELOC / Home Equity Loan Calculator
See how much equity you can borrow against — and the payment.
Open the Interactive CalculatorHow It's Calculated
Available Equity = (Home Value × 85%) − Mortgage Balance — most lenders cap combined loan-to-value (CLTV) around 80-85%.
Example
Example: a $500,000 home with a $280,000 mortgage has about $145,000 in available equity. Borrowing $50,000 at 8.5% over 15 years (fully amortizing) costs roughly $492/month.
Frequently Asked Questions
What's the difference between a HELOC and a home equity loan?
A HELOC is a revolving credit line often with a variable rate and interest-only draw period; a home equity loan is a lump sum with fixed payments from day one.
Why is my borrowable amount capped?
Lenders limit combined loan-to-value (all mortgages plus the new loan) to manage risk — commonly 80-85% of home value.