Home Equity Loan Calculator

Fixed lump sum, fixed rate, fixed payment. Enter home value, what you owe, the loan amount, APR, and term — get the payment, lifetime interest, CLTV verdict, payoff date, and a year-by-year schedule. Prefer a credit line? Try the HELOC calculator →

Free · No sign-upBank-grade amortizationLoan + HELOC modesPrivate — on-device

Home Equity Loan & HELOC Calculator

Switch modes, type your numbers, get the payment instantly — with equity, CLTV, payoff date, charts, and a report you can download.

Your home & borrowing

Home value

Mortgage balance owed

Loan amount

—

Lender CLTV cap

Rate & term

APR %

Term

Closing costs / fees

Fees handling

Extra $/mo (optional)

Start month (optional)

Affordability check (optional — income, taxes, insurance)

Gross monthly income $

Current mortgage pmt $/mo

Other monthly debts $

Tax + insurance $/mo

Lenders cap debt-to-income near 43–50% including the new payment. Property tax + insurance aren’t in the loan payment — they show as your total housing cost.

Numbers never leave this device. Share links encode inputs in the URL — send to a partner or lender.

Monthly payment

$—

—

Equity

—

CLTV

—

Total interest

—

Payoff

—

Interest: —

Principal: —

Fees — —.

Remaining balance each year

Year-by-year payoff

Year	Principal	Interest	Balance

Monthly schedule (first 12 + last 12)

#	Payment	Principal	Interest	Balance

Line & draw

Home value

Mortgage owed

Credit limit

Initial draw

Rate & phases

Variable APR % (today)

Draw-period payments

Draw years

Repayment years

Annual fee $/yr

Closing costs

Intro rate % (optional)

Intro lasts (months)

Draw-period payment / Repayment payment

$— → $—

—

Utilization

—

Lifetime interest

—

Interest: —

Drawn: —

Fees — on top of interest.

Repayment balance each year

Year-by-year HELOC cost

Year	Phase	Paid	Interest	Balance

Monthly schedule — repayment phase

—

#	Payment	Principal	Interest	Balance

Only here — most bank calculators skip this

Loan vs. HELOC on the same $50,000

Fixed certainty against revolving flexibility. Same inputs, honest lifetime cost. Full guide →

How the payment is computed

Standard amortization with monthly compounding: payment = P × r(1+r)^n / ((1+r)^n − 1), where r is APR ÷ 12 and n is months. Extra monthly payments skip straight to principal — $100 extra on $50,000 at 8.5%/10yr erases ~$4,600 interest and 20 payments. Full formula audit in Methodology.

Frequently asked

What is the payment on a $50,000 home equity loan?

At 8.5% for 10 years: ~$620/month with ~$24,400 total interest. Stretch to 15 years at 8%: ~$478/month but ~$36,000 interest. Use the calculator above with your rate and term.

How much can I borrow?

Home value × CLTV cap (usually 80%) minus mortgage balance. $450,000 × 80% − $280,000 = $80,000. The button “Use max at 80% CLTV” computes it instantly.

Fixed loan or HELOC for a renovation?

Single signed bid → fixed loan. Staged or uncertain costs → HELOC. Read the loan-vs-HELOC guide for the full breakdown.