Home Equity Loan Calculator

Estimate the payment and full cost of a fixed-rate lump-sum home equity loan.

Monthly payment

$607

Cash received$48,500

Total fees$1,500

Total interest$22,797

Total payments$72,797

Total borrowing cost$24,297

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Planning guide

Read the complete guide →

Understand this estimate before using it

Quick answer

What does the Home Equity Loan Calculator do?

Estimate fixed payments, interest, fees, proceeds, and borrowing cost. It amortizes a fixed home-equity loan and reports payment, interest, fees, net proceeds, and total borrowing cost.

Formula and calculation method

It amortizes a fixed home-equity loan and reports payment, interest, fees, net proceeds, and total borrowing cost.

The result is only as reliable as the inputs. Use current balances, rates, fees, dates, and documents; then change uncertain assumptions to see whether the conclusion remains stable.

How to interpret the result

Treat the output as a comparison or planning range, not a quote, approval, eligibility decision, tax return, or prediction. Review the breakdown—not only its headline number—and read every stated exclusion.

For current background, review CFPB home-equity guidance. Product documents and official program tools control when they differ from this educational model.

Worked scenario

Put the result in context

For a $500,000 home with $300,000 of existing secured debt and an 80% combined-LTV assumption, the theoretical debt ceiling is $400,000, leaving $100,000 before product limits, fees, underwriting, and required equity cushions.

This scenario illustrates the method; it is not a quote, forecast, recommendation, or substitute for entering your actual facts.

Before you calculate

Gather current information before changing the defaults. A result based on verified records is more useful than a precise answer built from guesses.

the loan amount you borrow

Check the date, unit, and source of this input before entering it.

the interest rate

Check the date, unit, and source of this input before entering it.

the repayment term

Check the date, unit, and source of this input before entering it.

the origination fee and other closing costs

Check the date, unit, and source of this input before entering it.

What the result can answer

It can show how the entered assumptions interact, provide a consistent comparison, and reveal whether changing one important input materially changes the estimate.

What the result cannot decide

It cannot confirm approval, eligibility, market pricing, future performance, legal or tax treatment, contract quality, or whether the choice fits every part of your finances.

A practical next-step workflow

01 · Verify
Compare the inputs with current statements, quotes, official rules, and product documents.
02 · Stress-test
Run a second case with a less favorable value for the origination fee and other closing costs.
03 · Confirm
Compare the total borrowing cost — interest plus fees — against a HELOC and a cash-out refinance before you commit, and borrow only what you need before acting.

Frequently asked questions

What is combined loan-to-value?

CLTV divides all debt secured by the property by its value. It is a planning input, not a universal approval threshold.

Is a HELOC payment fixed?

Usually not. Draw-period payments and variable rates can change, and repayment-period payments may be materially higher.

What can make this estimate differ from an actual result?

Timing, rounding, rate changes, fees, taxes, eligibility rules, product conventions, and facts not requested by this focused calculator can all create differences.

Which inputs deserve a second scenario?

Retest any input that is quoted rather than fixed, depends on future behavior, or materially changes the result. Conservative and optimistic cases reveal more than false precision.

What should I verify before making a decision?

Verify current statements, disclosures, official rules, taxes, fees, cancellation or prepayment terms, and the consequences of a less favorable outcome.

Continue your research

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Prepared by Loan Lyze Editorial and reviewed under the Loan Lyze editorial framework on November 8, 2026. Educational estimate only. See our methodology, editorial policy, and corrections policy.

Home Equity Loan Calculator

Estimate a fixed home equity loan