Financial Calculators
Home Equity Loan Calculator
Estimate payments on a home equity loan.
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Enter details
$
%
Result
Monthly payment
$477.83
Total interest
$36,008.69
About the Home Equity Loan Calculator
A home equity loan lets you borrow against the equity in your home at a fixed rate. Enter the loan amount, interest rate, and term to see your monthly payment and total interest. Use it to plan a renovation, consolidate debt, or compare a home equity loan against a HELOC or cash-out refinance.
How to use the Home Equity Loan Calculator
- 1Enter your loan amount, interest rate, and term.
- 2Read the result instantly — it recalculates as you type.
- 3Adjust the numbers to model different scenarios.
Frequently asked questions
Home equity loan or HELOC?
A home equity loan is a fixed-rate lump sum with set payments; a HELOC is a revolving credit line with variable rates. Compare with the HELOC Calculator.
How much can I borrow?
Lenders typically allow total mortgage debt up to ~80–85% of your home's value, minus your current balance.