HELOC Calculator

Calculate how much you can borrow with a Home Equity Line of Credit (HELOC) based on your home value and mortgage.

Property Details

Home Value ($)

Current Mortgage Balance ($)

Max Loan-to-Value (LTV) Ratio (%)

Standard lending limit is usually 80-85%

Borrowing Capacity

Available HELOC$160,000Estimated credit limit

Lending Limit$360,000

Total Home Equity$250,000

Equity Allocation

Overview

A HELOC is a revolving line of credit that uses your home as collateral. Lenders typically allow you to borrow up to 80-85% of your home's value, minus your existing mortgage balance.

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Pro Tips

HELOCs usually have a 'draw period' (typically 10 years) where you pay only interest, followed by a 'repayment period'.
Interest rates on HELOCs are typically variable, meaning your payments can change over time.
If home values decrease, your credit line could be reduced or frozen by the lender.

Fun Facts

Formula: (Home Value × Max LTV) - Mortgage Balance

Used with this

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