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.

Rates on both home equity borrowing products are similar now, but they're unlikely to remain so for much longer.

This means that the total of the balances on the mortgage, any existing HELOCs, any existing home equity loans, and the new home equity loan cannot be more than 90% of the appraised value of the home.

The amount you can borrow with a HELOC usually depends on how much home equity you have and your credit score. Typically, lenders won’t let you tap in to your home equity if you owe more than 90 ...

While most lenders would require you to keep a 20% buffer, that would still leave you with $320,000 worth of equity to borrow from now. So a $100,000 home equity loan could be relatively easy to ...

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 ...

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.