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HELOC (Home Equity Line of Credit) calculator

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The Home Equity Line of Credit Calculator gives an estimate of the available credit limit on your home equity line of credit (HELOC). It will also determine your credit limit at different loan-to-value ratios with respect to changes in your home appraised value.

Appraised value of your home	$
Mortgage debt on your home	$
Loan to value ratio	%

Related terms

Appraised value of your home
Mortgages you owe
Loan to value ratio
Credit line


	Borrowers using this calculator also use • Calculate APR for the loan program • How long will it take to pay off the debt? • Calculate total monthly mortgage payments • How much to earn by extra mortgage payments

Definitions:

Appraised value of your home: It is the estimated value of a property used as collateral for a mortgage loan. The appraised value is determined by an appraiser usually appointed by the lender.
Mortgages you owe: This is the total outstanding mortgage debt on your property. This consists of first mortgage or a second mortgage on your property.
Loan to value ratio: It is the percentage of the mortgage loan amount divided by appraised value of your property. For instance, if the home�s appraised value is $100,000, a 70% loan-to-value ratio would let you obtain a loan worth $70,000.
Credit line: Credit line is the maximum loan amount you can obtain on your home equity line of credit.