HELOC Calculator

Calculate your available home equity line of credit and estimated payments.

Property & Loan Info

$
$

Current LTV: 62.5%

Typically 80-90% for HELOCs

Variable rate - subject to change

Available Credit

Maximum Credit Line

$70,000

Payment Structure

Draw Period (10 years)

$397/mo

Interest-only payments

Repayment Period (20 years)

$486/mo

Principal + interest payments

Calculation assumes:

  • You draw 80.0% of available credit
  • Draw amount: $56,000
  • Fixed rate for illustration (actual HELOCs vary)

Equity Breakdown

Home Value:$400,000
Mortgage Balance:$250,000
Your Equity:$150,000
Max Credit (80% LTV):$70,000

Disclaimer: This calculator provides estimates only. Actual HELOC terms vary by lender and depend on credit score, income, and property value. Most HELOCs have variable interest rates that can change over time, potentially increasing your payment significantly. The draw period typically allows interest-only payments, but you may pay principal if desired. During the repayment period, you must pay both principal and interest, often resulting in much higher payments. Consult with a lender for specific terms and personalized advice.