United States·Updated for 2026·Figures in USD · fees not included
Home Equity Loan Calculator
See how much you could borrow against your home, and what a home equity loan would cost each month and in total interest. Enter your home's value, what you owe and the rate you are offered.
Your home
$
What it would appraise for
$
What you still owe
Share of the home's value the lender will lend against
%
Your loan
$
Blank uses the most you could borrow
Usually fixed
%
years
Enter your home's value, what you owe and the interest rate. How much you could borrow and the monthly payment appear here as you type.
Calculating
Show the mathSee how this was worked outHide
The borrowing limit follows the method in the CFPB’s home equity booklet: a share of the home’s value, less what you owe. Payments are standard monthly amortization. Fees and closing costs are not included.
Updated ·Source: the CFPB and the FTC·Runs entirely in your browser — nothing is uploaded
Last reviewed November 1, 2026. The borrowing limit follows the CFPB's home equity booklet; payments are standard monthly amortization.
How much can you borrow?
Many lenders start from a share of your home's value and subtract what you still owe. The CFPB's booklet gives an example: a $100,000 home at 75% is $75,000, and with $40,000 owed on the mortgage, the potential line of credit is $35,000. On a $400,000 home with $220,000 owed, the same 75% gives $80,000. The lender also looks at your income, debts and credit history, and the FTC notes that many lenders prefer you borrow no more than 80 percent of your equity.
A worked example
Borrowing $50,000 at 8% for 15 years costs $477.83 a month. Over the loan you repay $86,008.08, of which $36,008.08 is interest. Home equity loans usually have a fixed rate, so the payment stays the same for the whole term.
Home equity loan payments at 8%
Amount
10-year payment
10-year interest
15-year payment
15-year interest
$25,000
$303.32
$11,398.20
$238.91
$18,004.90
$50,000
$606.64
$22,796.36
$477.83
$36,008.08
$75,000
$909.96
$34,194.62
$716.74
$54,012.91
$100,000
$1,213.28
$45,592.79
$955.65
$72,017.71
$150,000
$1,819.91
$68,389.97
$1,433.48
$108,025.76
Home equity loan or HELOC?
A home equity loan pays you a lump sum, which you repay in equal monthly payments over a fixed term, usually at a fixed rate. A HELOC is a credit line you can draw on and repay again, usually at a variable rate, often with interest-only payments while you draw. If you know the amount you need, a loan gives a predictable payment; if you need money over time, a line of credit can cost less interest because you only pay on what you use.
It depends on your lender. Many start from a share of your home's value and subtract what you owe; the CFPB's example uses 75%, so a $100,000 home with $40,000 owed could support about $35,000. Your income, debts and credit history also matter.
Is a home equity loan rate fixed?
Home equity loans typically have a fixed annual percentage rate, according to the FTC, so the monthly payment stays the same for the whole term. HELOCs usually have variable rates.
How is the monthly payment worked out?
The loan is repaid in equal monthly payments that cover interest and principal, like a mortgage. $50,000 at 8% for 15 years is $477.83 a month.
What fees should I expect?
The FTC lists fees such as application, appraisal and credit report fees, and points or closing costs. This calculator does not include fees, so ask each lender for its full costs.
What happens if I cannot repay?
Your home secures the loan, so if you cannot repay you could lose it. Borrow only what you can comfortably afford.
