Home Equity Loan calculator.
Estimate a fixed-rate home equity loan payment, closing-cost impact, total interest, estimated APR, amortization, and how much equity may be available by LTV.
Use the Home Equity Loan Calculator.
Enter the loan amount, fixed rate, term, closing-cost treatment, home value, mortgage balance, and target LTV. Results update automatically.
Home equity loan inputs
Fixed-rate loan
Model the lump-sum installment loan and any closing costs.
Equity and borrowing capacity
Estimate how much may be available using the home's value, existing mortgage balance, and selected combined LTV.
Tip: Compare the monthly payment and estimated APR with the actual cash received. Closing costs can make two loans with the same stated rate very different.
Enter loan details to estimate payment, interest, and home equity borrowing room.
Payment cost mix
Principal borrowed, total interest, and closing costs.
LTV borrowing capacity
Estimated maximum new home equity loan amount at common combined LTV ratios.
Visual breakdown
Key payment, cost, APR, proceeds, and equity outputs update in cards, charts, and tables.
Balance over time
Amortization curve for the selected home equity loan.
Amortization schedule
First-year monthly detail plus annual summary for the full term.
About the Home Equity Loan Calculator
This calculator estimates the cost of a fixed-rate home equity loan. A home equity loan is commonly a lump-sum second mortgage repaid with predictable monthly payments. The tool is designed to show not only the payment, but also the effect of closing costs, the amount of cash you actually receive, and how the loan fits inside a combined loan-to-value limit.
Payment and interest
The monthly payment is based on the financed balance, fixed interest rate, and term. Extra principal payments can shorten the schedule and lower total interest.
Closing-cost treatment
Costs can be deducted from proceeds, paid upfront, or financed into the loan. The selected treatment affects the amount received, the balance being repaid, and the estimated APR.
Borrowing capacity
The borrowing estimate uses home value × target combined LTV, minus the current mortgage balance. Actual lender approval may be lower.
What the calculator includes
The calculator includes loan amount, interest rate, term, closing-cost amount or percentage, closing-cost treatment, optional extra principal, home value, mortgage balance, target combined LTV, optional lender cap, cost breakdown charts, LTV capacity bars, and an amortization schedule.
How to read the results
Monthly payment is the estimated principal-and-interest payment. Net cash received shows how much money is available after the selected cost treatment. Estimated APR is a planning approximation that compares required payments with the actual proceeds received. Combined LTV compares the existing mortgage plus new loan with the home's value.
Alternatives to compare
A HELOC may be better for flexible borrowing over time, while a cash-out refinance may make sense when replacing the first mortgage creates a lower overall rate or simpler payment. Personal loans and credit cards may avoid home collateral but often have different rates and repayment structures.
Related calculators
HELOC Calculator · Mortgage Calculator · Mortgage Payoff Calculator · Debt-to-Income Ratio Calculator · APR Calculator
⚠ Disclaimer: This calculator is for education and planning only. Actual loan costs, APR disclosures, lender fees, lien rules, appraised values, tax treatment, credit requirements, and underwriting limits can vary. Confirm details with a qualified lender or financial professional before borrowing against your home.
Home equity loan calculator FAQ
Simple answers about payments, closing costs, LTV, borrowing capacity, amortization, and home equity loan planning.
What does a home equity loan calculator do?
It estimates the monthly payment, total interest, closing-cost impact, estimated APR, and amortization path for a fixed-rate home equity installment loan.
What inputs do I need?
Enter the loan amount, interest rate, loan term, closing-cost amount or percentage, how closing costs are handled, home value, mortgage balance, and target loan-to-value ratio.
How are closing costs treated?
You can model closing costs as deducted from loan proceeds, paid upfront at closing, or financed into the loan balance. Each choice changes the cash received, payment, or estimated APR differently.
How much home equity can I borrow?
A simple estimate is home value multiplied by the allowed combined loan-to-value ratio, minus the current mortgage balance. Lender limits, credit, income, property type, and liens can reduce the actual approval amount.
What is LTV or CLTV?
Loan-to-value compares debt secured by the home with the property value. For home equity loans, lenders often consider combined loan-to-value because the new loan is added to the existing mortgage.
Does this calculator guarantee approval?
No. It is an educational estimate only. A lender may use different fees, appraisal values, credit standards, income rules, lien rules, and underwriting limits.
Does the calculator show an amortization schedule?
Yes. It creates a monthly amortization table for the first year and an annual balance schedule for the full loan term.
Is a home equity loan the same as a HELOC?
No. A home equity loan is typically a lump-sum installment loan with fixed payments. A HELOC is a line of credit with a draw period and often a variable rate.