Home Equity & HELOC Calculators
Borrow against your equity the smart way — a fixed home-equity loan or a revolving HELOC, priced to the dollar.
Your equity is borrowing power, and these calculators show how much of it you can tap. Estimate the line a HELOC would open, the fixed payment on a lump-sum home equity loan, and the combined loan-to-value that lenders cap when you add a second lien.
Whether you're funding a renovation, consolidating debt or weighing a cash-out refinance instead, the tools price each option to the dollar so you can compare a revolving line against a fixed second mortgage.
Home Equity & HELOC calculators — frequently asked
How much can I borrow against my home equity?
Usually enough to bring your combined loan-to-value (all mortgages ÷ home value) up to about 80–85%. On a $400,000 home with a $250,000 first mortgage, an 85% cap leaves roughly $90,000 of borrowable equity.
HELOC vs home equity loan — what’s the difference?
A HELOC is a revolving, variable-rate line you draw from as needed; a home equity loan is a fixed-rate lump sum repaid on a set schedule.
Choose a HELOC for ongoing or uncertain costs, a home equity loan for a one-time expense with a known price.
Is home equity loan interest tax-deductible?
Only when the funds are used to buy, build or substantially improve the home securing the loan, and only if you itemize. Using the money to consolidate other debt or cover living costs generally makes the interest non-deductible.
Should I use a home equity loan or a cash-out refinance?
If your current mortgage rate is well below today’s, a home equity loan or HELOC leaves it untouched and is usually cheaper. If today’s rate is at or below yours, a cash-out refinance can improve the whole loan at once.