This home equity loan calculator will help you determine whether you qualify for a home equity loan, how much money you might qualify for, and what it may cost you.

If you're considering a home equity line of credit (HELOC), use our HELOC calculator to estimate your loan-to-value (LTV) ratio and borrowing potential.

Home equity loans are installment loans with a definitive payoff date. 6. Maintain mortgage payments . Your home equity loan is separate from your original mortgage.

A home equity loan is a type of installment loan, where you receive a single payout upfront and pay back the loan in monthly installments. A HELOC, on the other hand, is a type of revolving credit ...

With home equity loans and home equity lines of credit you can snag rates under 9%. Despite their affordability, though, the two products aren't one and the same.

Use our home equity loan calculator to get a loan estimate and learn if you could be eligible. Enter your home value, mortgage balance and credit score. Last Updated: Mar 2, 2025.

An example: Let’s say your home is worth $200,000 and you still owe $100,000. If you divide 100,000 by 200,000, you get 0.50, which means you have a 50% loan-to-value ratio and 50% equity ...