HELOC Calculator

See how much home equity you could borrow, plus draw-period and repayment-period payment estimates.

How much could you borrow?

Home value

Existing mortgage balance

Max CLTV (%)

Estimate your payment

Amount you plan to draw

APR (%)

Draw period (years)

Repayment period (years)

About this calculator

A HELOC caps your total borrowing (mortgage + new line) at a percentage of home value (CLTV). Draw-period payments are interest-only; repayment-period payments are fully amortized.

Draw period vs. repayment period

Draw-period payments are interest-only (balance doesn't shrink); repayment-period payments include principal and are higher. This assumes drawing the full amount at once with no extra paydown.