HELOC Calculator
Available credit line at your lender's CLTV cap — plus interest-only and fully-amortizing payments on any draw.
Estimates only — your lender's disclosure governs. LoanMatchers is not a lender. Rates and terms vary by lender and creditworthiness. This page provides general educational information, not financial advice — consult a qualified professional before making financial decisions.
How it works
Available line = home value × max CLTV% − current mortgage balance. Interest-only payment = draw × APR ÷ 12. Repayment payment amortizes the draw with the standard formula; a 0% APR divides it evenly.
Need a realistic rate? See the current home equity rate benchmarks (cited official benchmarks).
Frequently asked questions
What is the difference between a home equity loan and a HELOC?
A home equity loan disburses a lump sum with fixed payments; a HELOC is a revolving line you draw from. Both are secured by your home.
Is there an official national home-equity rate?
No single official benchmark exists. The CFPB guidance linked on the home-equity rates page explains how these products are priced — always compare lender disclosures.
What are the main risks?
Your home is collateral: missed payments can lead to foreclosure. Borrow only what the monthly payment comfortably allows.
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Not financial advice. LoanMatchers is not a lender. Rates and terms vary by lender and creditworthiness. This page provides general educational information, not financial advice — consult a qualified professional before making financial decisions.
By the LoanMatchers Editorial Team. Last updated 2026-09-10. Educational information only — not financial advice.