Home Equity Loan Calculator

Available equity at your lender's CLTV cap — and the monthly payment if you borrow it all.

Home value ($) Current mortgage balance ($) Max combined loan-to-value (%) APR (% per year) Term (months)

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 equity = home value × max CLTV% − current mortgage balance. That amount is amortized 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.