Home Equity Loan Calculator
Estimate how much you may be able to borrow with a home equity loan, monthly payment, total interest, combined loan-to-value ratio, and available equity.
Home Equity Loan Details
This calculator gives estimates only. Actual approval, available equity, loan amount, rates, fees, taxes, and lender requirements may vary.
Enter values and click Calculate Home Equity Loan.
Equity Breakdown
Current Mortgage Balance$0.00
Home Equity Loan$0.00
Remaining Equity$0.00
Home Equity Loan Summary
| Estimated home value | $0.00 |
| Current mortgage balance | $0.00 |
| Current home equity | $0.00 |
| Maximum debt allowed by CLTV | $0.00 |
| Estimated available borrowing | $0.00 |
| Loan term | 0 years |
| Interest rate | 0% |
| Status | — |
Home Equity Loan Calculator: Estimate Payment, Interest, Equity, and CLTV
Use this guide with the home equity loan calculator above to estimate your monthly payment, current home equity, available equity, combined loan-to-value ratio, total interest, fees, and cash received from a home equity loan.
What Is a Home Equity Loan Calculator?
A home equity loan calculator is a tool that estimates the payment and borrowing potential for a loan secured by your home equity. It uses your home value, current mortgage balance, desired loan amount, interest rate, loan term, and fees to estimate monthly payment and total borrowing cost.
A home equity loan is often structured as a fixed-rate installment loan. That means you usually receive funds as a lump sum and repay the loan with regular monthly payments over a set term.
How to Use This Home Equity Loan Calculator
Enter your estimated home value, current mortgage balance, desired home equity loan amount, maximum CLTV limit, interest rate, loan term, lender fees, other costs, and fee payment method.
Enter Home Value
Add your estimated current property value based on recent market data or appraisal estimate.
Add Mortgage Balance
Enter your remaining first mortgage balance to estimate current home equity.
Enter Loan Terms
Add the desired loan amount, interest rate, term, and lender-related fees.
Review Equity Results
See payment, CLTV, available equity, total interest, cash received, and status.
Home Equity Loan Formula
A simple home equity estimate starts with this formula:
Lenders may also review combined loan-to-value, often called CLTV:
Lower CLTV may improve approval chances, but actual lender rules vary.
What This Home Equity Loan Calculator Shows
This calculator gives a practical estimate using common home equity loan factors.
Monthly Payment
The estimated fixed monthly payment based on loan amount, interest rate, and term.
Current Home Equity
Your estimated home value minus your current mortgage balance.
Available Equity
The estimated amount that may be available based on the selected CLTV limit.
Combined LTV
Your current mortgage plus new home equity loan compared with home value.
Total Interest
The estimated interest paid over the full loan term.
Cash Received
The estimated loan proceeds after fees, depending on whether fees are paid upfront or financed.
Home Equity Loan Example
Suppose your home is worth $450,000 and your current mortgage balance is $260,000. Your estimated current equity is $190,000.
If you request a $50,000 home equity loan, the calculator estimates the monthly payment, combined loan-to-value ratio, interest cost, fees, and cash received.
Home Equity Loan vs. HELOC
A home equity loan usually provides a lump sum with fixed payments. A HELOC, or home equity line of credit, usually works more like a revolving credit line and may have a variable rate.
A home equity loan may be easier to budget because payments are often fixed. A HELOC may provide more flexibility if you do not need all funds at once.
Why CLTV Matters
CLTV matters because it helps lenders compare total debt secured by the home with the home’s value. A higher CLTV usually means the borrower has less remaining equity.
Many lenders set maximum CLTV limits for home equity loans. This calculator lets you test different CLTV limits to estimate potential available equity.
Home Equity Loan Planning Tips
Related Calculators and Trusted Home Equity Resources
Continue planning with related mortgage calculators and trusted educational resources about home equity, borrowing, refinancing, and housing finance.
Mortgage Calculator
Estimate monthly mortgage payment, taxes, insurance, PMI, and total cost.
Open Tool → Internal ToolRefinance Calculator
Compare current loan payment with refinance savings and break-even point.
Open Tool → Internal ToolLoan Calculator
Estimate monthly loan payments, interest, and total repayment cost.
Open Tool → Internal ToolDebt-to-Income Ratio Calculator
Check how monthly debt compares with gross monthly income.
Open Tool →Learn More From Official Consumer Finance Sources
These external resources are provided for educational purposes and open in a new tab.
Owning a Home
Explore official mortgage and homeownership resources.
Visit CFPB → CFPBMortgage Tools
Review consumer mortgage information and borrowing tools.
Visit CFPB → FTCMortgage Consumer Info
Learn about mortgage-related consumer protection topics.
Visit FTC → USA.govHousing Help
Find official housing help and consumer resources.
Visit USA.gov →Frequently Asked Questions
What is a home equity loan calculator?
A home equity loan calculator estimates monthly payment, available equity, CLTV, total interest, fees, and cash received based on your home value and loan details.
How do you calculate home equity?
Home equity is estimated by subtracting your current mortgage balance from your home’s current value.
What is CLTV?
CLTV means combined loan-to-value. It compares your current mortgage plus new home equity loan with your home value.
Is a home equity loan the same as a HELOC?
No. A home equity loan is usually a lump sum installment loan, while a HELOC is usually a revolving line of credit.
Can this calculator guarantee loan approval?
No. It provides estimates only. Approval may depend on credit score, income, debt-to-income ratio, home value, equity, CLTV, lender rules, and market conditions.
Important Disclaimer
This home equity loan calculator is for educational and informational purposes only. It does not provide financial, mortgage, tax, legal, or real estate advice. Actual home equity loan rates, fees, approval, CLTV limits, cash received, and repayment terms can vary by lender, borrower profile, home value, local market conditions, and underwriting guidelines.