HELOC Calculator
Find out how much you can borrow with a home equity line of credit and estimate your monthly interest payments during the draw period.
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Max HELOC Line
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Available Equity
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Interest-Only Payment
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Full Payment (20yr)
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Total Interest (20yr)
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Combined LTV
HELOC Guide
What is a HELOC?
A Home Equity Line of Credit is a revolving credit line secured by your home. You can borrow up to your credit limit, repay, and borrow again during the draw period (typically 10 years). After the draw period, you enter repayment (10-20 years) where you pay principal + interest.
HELOC vs Home Equity Loan
A HELOC is revolving (like a credit card) with variable rates. A home equity loan is a lump sum with a fixed rate. HELOCs offer flexibility; home equity loans offer predictability. Choose based on whether you need funds gradually or all at once.