$50,000 at 8.25% for 10 years
- Available equity at limit
- $122,500.00
- Combined LTV
- 68.8888888889%
- Total interest
- $23,591.58
- Total paid
- $73,591.58
Home equity borrowing can put the home at risk if payments are not made.
Home Equity Loan Calculator
Use this free home equity loan calculator to estimate a fixed payment, total interest, available equity, and combined loan-to-value.
Formula steps Estimate limits shown Examples included Private history
Formula steps
- Estimate available equity from home value, current mortgage balance, and max combined LTV.
- Calculate the fixed home equity loan payment.
- Compare requested loan amount with the available-equity estimate.
How to use the home equity loan calculator
- Enter the requested dollar amounts, rates, terms, tax settings, or contribution details.
- Use rates as percentages, such as 6.5 for 6.5%, and check whether a field asks for a monthly or annual amount.
- Press the calculate button to see the answer, supporting metrics, and formula steps.
- Use the result as a planning estimate only, then copy it if the assumptions look right.
Common uses
Estimate payment on a lump-sum home equity loan.
Compare requested loan with available-equity estimate.
Check combined loan-to-value after borrowing.
See total interest over the fixed term.
Examples
Payment and CLTV
Available equity estimate
Monthly payment
Frequently asked questions
Plain-language answers about when to use the estimate, what your numbers mean, what is left out, and how privacy works.
When should I use the Home Equity Loan Calculator?
Use it for early planning and side-by-side comparisons, especially for tasks like these: Estimate payment on a lump-sum home equity loan. Compare requested loan with available-equity estimate. Treat the answer as a planning estimate, not a final quote.
What is the Home Equity Loan Calculator doing with my numbers?
In plain language: The calculator estimates available equity from home value, mortgage balance, and max combined LTV, then applies the fixed-payment loan formula to the requested loan amount. If the result seems too high or too low, first check whether each field expects a monthly amount, annual amount, dollar value, or percent.
What does this estimate leave out?
This does not approve credit, protect against foreclosure risk, include lender fees, tax rules, property value changes, or underwriting limits. Real finance decisions can also depend on fees, timing, local rules, credit details, and provider-specific terms.
Does the site save my finance inputs?
No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.