Home Equity Loan & HELOC Calculator

Home Equity Loan & HELOC Calculator

The loan and line payment calculator will help you to determine your monthly payments on a mortgage loan or a line of credit. The calculator will also calculate the total amount of your payments, the total amount of interest that you pay, and your end balance on the loan or line.

Whether you have a mortgage loan or a line of credit it is important to know what your monthly payments will be. Determining what your monthly payments may be will directly affect your decision as to whether or not you can afford to set up a mortgage or a line of credit. Where traditional mortgages typically require a principal and interest fixed monthly mortgage payment, a line of credit typically requires that borrowers pay a minimum payment of just interest. Because the interest rate and monthly payments on a line of credit may change, the balance and required payments can change as well.
Compare Rates

Type of Loan

Home Description

Do you own a home?
Yes No

Your Credit Profile
(No Credit Check)

National Rates
Loan Type Today
30 Year Fixed 6.03
15 Year Fixed 5.67
5/1 Adjustable 5.75

Get Your Rates »

Rates may contain points
Browse Mortgage Rates

Rates By State

Get Widgets for Your Website

Calculators, rate data, news and more for your blog.

Latest Home Equity Feature
All By Yourself: Sell Your Home without a Broker

July 07, 2008 - In a declining real estate market, anyone selling a home is desperately trying to squeeze home equity dollars out of a sale. More sellers are deciding to be their own brokers-a bold move that has equal amounts of risks and rewards.
A home equity loan allows you as a homeowner to get a loan by using the equity in your home as collateral. The equity consists of whatever funds you have invested in your property in order to own it or improve it.

Since it is a debt against your own property, which you are in actual possession of, a home equity loan is a secured debt. The property can be required to be sold if the creditor wants the money back that you have borrowed.