Home Equity Loan Calculator
Your equity, LTV and how much you can borrow against your home.
Your numbers
How this calculator works
Home equity is the portion of your home you actually own: market value minus mortgage balance. As prices rise and you pay down principal, equity grows, and lenders let you borrow against it through home equity loans (lump sum, fixed rate) or HELOCs (credit line, variable rate). This home equity calculator shows your equity, your loan-to-value ratio, and the key number lenders use: how much you can borrow at the standard 80% combined loan-to-value cap, plus an estimated payment on the amount you want to draw.
Borrowing against your home is cheap debt, rates run well below credit cards, but it converts unsecured spending into debt secured by your house, which is exactly why it demands respect. The best uses add value or cut higher-rate debt: renovations that raise the home value, consolidating 24% APR card balances, or education costs. The risky uses are lifestyle spending, vacations and cars, because the house is collateral if plans go sideways. Check your LTV first: under 80% total borrowing keeps the best rates and avoids PMI-like costs, and the calculator flags exactly where you stand.