HELOC Calculator
How much home equity you can borrow.
Enter your values
ⓘ Live results
Results
- Available credit line
- $135,000.00
- Current equity
- $210,000.00
- Interest-only payment
- $956.25
- 10-year repayment payment
- $1,673.81
- Current LTV
- 58%
Quick answer
Most lenders let you borrow up to 80–85% of your home's value minus your mortgage balance.
Available = Value × LTV − Mortgage balance
How to use the HELOC Calculator
- 1Enter your home's current value.
- 2Enter your remaining mortgage balance.
- 3Adjust the LTV cap your lender allows.
Worked example
Using the values the calculator loads with:
Inputs
- Home value500000 $
- Mortgage balance290000 $
- Max combined LTV85 %
- HELOC rate8.5 %
Results
- Available credit line$135,000.00
- Current equity$210,000.00
- Interest-only payment$956.25
- 10-year repayment payment$1,673.81
- Current LTV58%
Frequently asked questions
Are HELOC rates fixed?
Usually variable, tied to prime plus a margin.
Is HELOC interest deductible?
In the US, only when funds are used to buy, build or substantially improve the home.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.