Free tool
HELOC Calculator
Estimate your monthly payments and see how much equity you can access with a Home Equity Source Works home equity line of credit.
$100K$2M
$0
$10K
5%15%
5 years30 years
Your Estimated Payments
Monthly Payment (Interest Only) · during draw period
Monthly Payment (Principal + Interest) · during repayment
Total Interest
Combined LTV
* This calculator provides estimates only. Actual rates, amounts, and terms vary based on creditworthiness, property location, and other factors. Not an offer of credit.
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Up to 80% combined LTV
Most programs let you borrow against your equity up to about 80% of the home's value including your mortgage.
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Interest-only draw period
During the draw period you pay interest only on what you use, then principal and interest during repayment.
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Soft credit check to start
Checking your options does not affect your score. A hard pull happens only when you choose to move forward.