Home Equity Loan Calculator

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years

Example

This is a sample result, not your calculation. Enter your own values to replace it.

Enter the loan amount, the interest rate and the term, then press Calculate to see the monthly payment and what the loan costs.

Monthly pay

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What it costs

Total of loan payments
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Total interest
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Amortization schedule

Schedule view
Amortization schedule showing each period's interest and principal and the balance remaining afterwards.
YearMonth Interest Principal Extra Ending balance

Amounts are in US dollars (USD).

Check your entries

Enter a loan amount, an interest rate and a whole term from 1 to 30 years. Closing costs are optional.

The loan amount you can borrow

Optional. Estimate the maximum home equity loan you may be able to borrow, based on what your home is worth, what is left on your mortgage, and the loan-to-value ratio your lender will accept.

$
$

Example

This is a sample result, not your calculation. Enter your own values to replace it.

Enter your home's value, your mortgage balance and your lender's loan-to-value ratio to see how much you may be able to borrow.

You may borrow up to

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Your current loan-to-value ratio
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Equity you hold
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Other factors affect what you finally qualify for. Applicants with a credit score below 630 may not qualify for a home equity loan, other debts count against you, and lenders typically will not approve a borrower with a debt-to-income ratio of 43% or higher.

Check your entries

Enter your home's current value, the balance left on your mortgage, and the loan-to-value ratio your lender accepts.