Home Equity Loan Affordability Calculator
Enter your home's value, remaining mortgage balance, and loan terms to estimate the maximum home equity loan you could qualify for and what the monthly payment would look like.
About this calculator
Estimate how much home equity loan you can qualify for based on your home's value, mortgage balance, and lender loan-to-value limits.
Frequently Asked Questions
How is the maximum loan amount determined?
Lenders typically allow a combined loan-to-value (CLTV) ratio, meaning your mortgage balance plus new home equity loan can't exceed a percentage of your home's value, often 80-90%.
Does this include closing costs?
No, this estimate only covers the loan principal and payment; actual loans may include origination fees and closing costs that reduce net proceeds.
Can I use this for a HELOC instead?
This calculator models a fixed-term installment loan; HELOCs have variable draw periods and interest-only phases that would differ from this estimate.