Manage Home Equity like a pro
If you’re considering a Home Equity Line of Credit (HELOC), our HELOC Payment Calculator makes it easy to estimate your interest-only payments and repayment amounts. Use it to confidently plan how to tap into your home equity for renovations, education, or unexpected expenses.
What is Home Equity?
Your home equity is your home’s value minus any liens (like first or second mortgages). For example: if you have a home valued at $350,000 with $200,000 left on your mortgage, you have $150,000 in equity. Now that you know how much equity you have available, let’s calculate your HELOC payments.