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HELOC Calculator - Home Equity Line of Credit

Free HELOC calculator. Calculate your home equity line of credit limit, monthly payments, and compare HELOC vs home equity loan.

Calculate your home equity line of credit

Enter your values to see results

and click the "Calculate" button

HELOC Calculator

Calculate how much you can borrow with a home equity line of credit. HELOCs offer flexible borrowing against your home equity.

Max HELOC = (Home Value × LTV%) - Mortgage Balance

Most lenders allow 80-85% combined LTV. HELOC rates are variable. Interest-only payments during draw period.

HELOC vs Home Equity Loan?

HELOC: revolving credit, variable rate, draw as needed. HE Loan: lump sum, fixed rate, fixed payments. HELOC better for ongoing needs.

Is HELOC interest tax deductible?

Only if used for home improvements (buy, build, substantially improve). Not deductible for debt consolidation or other purposes.

Home Equity Calculator

Calculate your equity

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