Calculate your home equity line of credit (HELOC) with our free online calculator. Get instant estimates of your available credit, monthly payments, and interest rates. Compare different HELOC options and find the best terms for your financial needs.
A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows you to borrow against the equity in your home. Unlike a traditional home equity loan, a HELOC works like a credit card - you can borrow, repay, and borrow again up to your credit limit during the draw period.
Our HELOC calculator helps you estimate your borrowing power and monthly payments. Simply enter your home value, remaining mortgage balance, desired cash amount, and interest rate to get instant calculations.
While both use your home's equity as collateral, HELOCs offer more flexibility. With a HELOC, you only pay interest on the amount you actually use, and you can access funds as needed during the draw period. Home equity loans provide a lump sum with fixed monthly payments.
Use our calculator to estimate your HELOC options, then connect with our network of qualified lenders to find the best rates and terms for your situation. Our loan officers can help you understand all available options and guide you through the application process.