Home Equity Calculator

Calculate your current home equity, loan-to-value ratio, and maximum HELOC borrowing power at 80% and 90% LTV. Estimate HELOC monthly payments for different draw amounts and repayment terms. See combined mortgage and HELOC payment projections.

Current Home Value ($)

Mortgage Balance ($)

Mortgage Interest Rate (%)

HELOC Interest Rate (%)

Home Equity Summary

Your Home Equity

$170,000

37.8% equity in your home

Mortgage: $280,000Value: $450,000

Owed

Equity

Current LTV

62.2%

Max HELOC (80% LTV)

$80,000

Max HELOC (90% LTV)

$125,000

HELOC Draw Payment Estimator

HELOC Draw Amount ($)

Up to $80,000 available at 80% LTV

Repayment Term

HELOC Monthly (P+I)

$495.94

Interest-Only Payment

$283.33

Total Interest Paid

$19,513

Total Repayment

$59,513

Combined Monthly Payments

Mortgage

$1,769.79

HELOC

$495.94

Total

$2,265.73

HELOC Draw Amount Comparison

Draw Amount	Monthly (P+I)	Interest Only	Total Interest
$25,000	$309.96	$177.08	$12,196
$50,000	$619.93	$354.17	$24,391
$75,000	$929.89	$531.25	$36,587

Based on 8.5% rate, 10-year repayment term

Understanding Home Equity

How to Use Home Equity Calculator

1Enter home value and mortgage balance
2View equity and LTV ratio
3Set HELOC rate and draw amount
4See monthly payments and borrowing limits

Frequently Asked Questions

How do I calculate my home equity?▾

Home equity = current market value - mortgage balance. If your home is worth $400,000 and you owe $250,000, your equity is $150,000 (37.5%). Use online estimators (Zillow, Redfin) for approximate value, or get a professional appraisal for accuracy.

How much can I borrow with a HELOC?▾

Most lenders allow up to 80% of home value minus mortgage balance. Example: $400,000 home × 80% = $320,000 - $250,000 mortgage = $70,000 max HELOC. Some lenders offer up to 90% for excellent credit.

What is the difference between HELOC and home equity loan?▾

HELOC is a revolving credit line with variable rate — draw funds as needed, pay interest only on what you use. Home equity loan is a lump sum with fixed rate and fixed payments. Choose HELOC for flexibility or HEL for payment predictability.

About Home Equity Calculator

NexTool's Home Equity Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.