HELOC Calculator
Use this calculator to estimate your Home Equity Line of Credit (HELOC) options.
How to Use:
- Enter your home value in dollars.
- Input your current mortgage balance.
- Adjust the lender’s loan-to-value (LTV) ratio if necessary.
- Provide the interest rate for the HELOC.
- Set the draw period (how long you can borrow from the HELOC).
- Define the repayment period.
- Click “Calculate” to see your results.
Results
Maximum HELOC Amount:
Estimated Monthly Interest-Only Payment:
Estimated Monthly Repayment:
Amortization Schedule
| Month | Payment | Principal | Interest | Balance |
|---|
Comparison Tool
Compare different HELOC scenarios by adjusting the inputs below.
Tax Deduction Estimator
Estimate potential tax savings from HELOC interest payments.
Estimated Tax Savings:
Wondering if HELOC is right for you read this article “Is Paying Off A Mortgage Early Really A Smart Move ?”