HELOC Calculator
Calculate how much home equity you can borrow with a HELOC. See interest-only payments during the draw period and estimate your available credit line.
Most lenders allow 80-90% combined LTV
Typically Prime + margin (variable)
Your Home Equity
Current Equity
$200,000
Available to Borrow
$125,000
HELOC Payment Estimates
Interest-Only Payment
$354.17
Draw Period
$10.00
10 years (interest-only)
Repayment Period
$20.00
20 years (P&I)
Payment by Draw Amount
| Draw Amount | Interest-Only | Fully Amortized | Status |
|---|---|---|---|
| $25,000 | $177/mo | $217/mo | Available |
| $50,000 | $354/mo | $434/mo | Available |
| $75,000 | $531/mo | $651/mo | Available |
| $100,000 | $708/mo | $868/mo | Available |
About HELOCs
- •Draw period: Typically 5-10 years where you can borrow and repay repeatedly
- •Repayment period: 10-20 years to pay off the balance after draw period ends
- •Variable rate: Most HELOCs have variable rates tied to Prime Rate
- •Tax deductible: Interest may be deductible if used for home improvements
- •Best for: Home improvements, debt consolidation, or emergency fund access
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How to Use This HELOC Calculator
This free heloc calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required