HELOC Calculator

Find out how much home equity line of credit you can access, your interest-only draw period payment, and the full repayment cost.

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HELOC availability depends on your home's appraised value, existing liens, credit score, and income. Lenders typically cap CLTV at 80-85% for HELOCs. During the draw period (usually 10 years) you pay interest only on the drawn amount; the repayment period (10-20 years) amortizes the balance like a standard loan. HELOCs have variable rates tied to the Prime Rate - payments change as rates move. Consult a licensed mortgage professional.