Free Home Equity & HELOC Calculator
See your available equity, how much you could borrow, and estimated interest-only and amortizing payments, updated as you type.
Estimates only, not financial advice. Confirm exact terms with your lender.
Frequently Asked Questions
What is home equity?
It's the difference between your home's current value and what you still owe on your mortgage — the portion of the home you actually own outright.
What is LTV and why does it limit how much I can borrow?
Loan-to-value (LTV) is your total debt against the home divided by its value. Lenders cap combined LTV (often around 80-85%) to limit their risk, which limits how much home equity you can actually borrow against.
What's the difference between interest-only and amortizing payments?
Many HELOCs have an interest-only draw period, where your payment only covers interest and the balance doesn't shrink. An amortizing payment (over a set repayment term) pays down both principal and interest, so the balance actually decreases.
What are the risks of borrowing against my home?
Your home secures the loan, so missed payments put it at risk. Rates on HELOCs are often variable, meaning payments can rise. Borrow only what you need and understand the terms before signing.
Is this financial advice?
No — this is an estimate for planning purposes only, not financial advice. Actual loan offers, rates, and limits vary by lender.