Finance Tools
HELOC Calculator
Estimate how much home equity you can borrow with a HELOC based on your home value, current mortgage balance, and maximum combined LTV.
Estimate how much home equity you can borrow with a HELOC based on your home value, current mortgage, and maximum LTV. Optionally see the interest-only payment on a planned draw amount.
How to use this heloc calculator
- Enter your home's current value.
- Enter your current mortgage balance.
- Enter the maximum combined loan-to-value (LTV) percentage that your lender allows.
- Optionally enter the HELOC interest rate and a planned draw amount to estimate an interest-only monthly payment.
- Click Calculate to see your current LTV, maximum combined loan amount, and estimated HELOC available.
Example
For a home worth $500,000 with a $300,000 mortgage balance and a max combined LTV of 80%, this calculator shows:
- Your current LTV based on existing mortgage only.
- The maximum total loan amount allowed at 80% LTV.
- The approximate HELOC credit available after subtracting your current mortgage balance.
- If you enter a rate and planned draw, the interest-only monthly payment on that draw.
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