Home › Borrow › Loans › HELOC calculator
$100,000 available
Available = value × CLTV − balance = $400,000 × 80% − $220,000. HELOC rates are usually prime + a lender margin; the margin and CLTV are your inputs, not lender quotes. Prime: Bank prime loan rate (Federal Reserve H.15 via FRED, DPRIME). A HELOC is secured by your home; rates are variable and the payment rises when the draw period ends.
By state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Not financial advice. Published ranges from each lender's own page with the date we read it; your offer depends on credit, income and state. No lender pays for inclusion or rank.
Mortgage calculator for Illinois →
During the draw period many HELOCs require interest only (balance × rate ÷ 12); afterward the balance amortizes over the repayment period, so the payment jumps.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.