HELOC Rates & Costs
Calculate the true cost of your HELOC including interest rates, closing costs, and potential tax benefits.
HELOC Closing Cost Calculator
Estimate upfront costs including appraisal fees, origination fees, and closing costs.
Calculate Costs →Blended Rate Calculator
Calculate the effective interest rate when combining your mortgage and HELOC.
Calculate Costs →HELOC Tax Deduction Calculator
Estimate potential tax savings based on IRS rules for home improvement usage.
Calculate Costs →Understanding HELOC Costs
The total cost of a HELOC includes more than just the interest rate. Here's what you need to know:
Upfront Closing Costs
Typical closing costs range from $500 to $5,000 and may include:
- Appraisal fee: $300-$500
- Application fee: $75-$200
- Origination fee: 1-2% of credit line
- Title search and insurance: $200-$400
- Recording fees: $25-$50
Interest Rates
HELOC rates are typically variable and tied to the Prime Rate. As of 2025, rates range from 7% to 11% depending on your credit score and LTV ratio.
Tax Deductibility
Under current IRS rules (Tax Cuts and Jobs Act), HELOC interest is only deductible if the funds are used to "buy, build, or substantially improve" the home that secures the loan.
Blended Rate Calculation
If you have both a mortgage and a HELOC, your "blended rate" is the weighted average of both loans. This helps you compare against refinancing options.