Home Equity Loan & Payment Calculator

Estimate your home equity loan amount and payment

Thinking about putting your home equity to work? Our free Home Equity Calculator helps you see how much you may qualify to borrow and what your estimated monthly payment could look like.

What you’ll learn 

• The loan amount you may qualify for 
• Your estimated monthly payment 
• How your rate and term affect your payment 

How to use the calculator

1. Enter your home’s estimated value and your outstanding home loan balance. 
2. Set your interest rate and loan term. Use an estimate if you don’t have a quote yet. 
3. Review your estimated loan amount and monthly payment.  
4. Adjust the rate or term to compare different scenarios.  

Tip: Borrowing less than your available equity keeps your monthly payment lower and preserves more equity in your home.