This home equity loan calculator will help you determine whether you qualify for a home equity loan, how much money you might qualify for, and what it may cost you.

If you're considering a home equity line of credit (HELOC), use our HELOC calculator to estimate your loan-to-value (LTV) ratio and borrowing potential.

Key takeaways There are several ways to finance home renovations, including renovation mortgages, home equity loans and personal loans. Borrowing makes the most sense when repairs are urgent or when ...

So, if your home is valued at $450,000 and you owe $285,000 on your mortgage, you could potentially access a home equity loan of up to $97,500 ($450,000 * .85 – $285,000).

Home Equity Loan Calculator. Our calculator estimates the maximum amount you’re likely to qualify for, along with your monthly payments. 2. By Holden Lewis, Taylor Getler.

And, be sure to compare the rates you're offered on a home equity loan or a home equity line of credit (HELOC) to offers you get on other loan products. For example, if you're a borrower with a ...

Example 1: 10-year fixed home equity loan at 8.59%. The average rate for a 10-year fixed-rate home equity loan was 8.59% as of March 29, 2024. With those terms, you would pay $933.51 per month.

Use our home equity loan calculator to get a loan estimate and learn if you could be eligible. Enter your home value, mortgage balance and credit score. Last Updated: Mar 2, 2025.

An example: Let’s say your home is worth $200,000 and you still owe $100,000. If you divide 100,000 by 200,000, you get 0.50, which means you have a 50% loan-to-value ratio and 50% equity ...