Home Equity Loan Calculator
See how much equity you can borrow and what it costs monthly.
Quick answer
A home equity loan borrows against your equity (home value minus what you owe) as a lump sum repaid at a fixed rate. Lenders typically allow total borrowing up to about 80–85% of the home's value, minus your existing mortgage balance.
Borrowable equity (80% LTV)
$100,000
Total equity
$190,000
Payment if fully drawn
$984.74
Current LTV
57.8%
The 80% ceiling
Lenders typically cap combined borrowing at 80% of home value, so borrowable equity is 0.8 × value minus the existing mortgage. Home-equity loans deliver a lump sum at a fixed rate; HELOCs are variable-rate credit lines with interest-only draw periods.
Cheap money, real stakes
Rates beat credit cards because the house is collateral — which is exactly the risk. Best uses improve the asset or retire costlier debt; worst uses convert unsecured spending into a lien on your home. Interest is tax-deductible only when funds improve the property.
Related calculators
Mortgage Calculator
Estimate your monthly mortgage payment with taxes, insurance, and a full amortization schedule.
Loan Calculator
Work out payments, total interest, and payoff time for any fixed-rate loan.
Compound Interest Calculator
See how savings and investments grow with compounding over time.
Auto Loan Calculator
Estimate car payments including trade-in value, sales tax, and dealer fees.