HELOC Payment Estimator
Estimate home equity payment scenarios quickly and easily.
Calculator Inputs
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Expert Tips for Smart Borrowing
🏋️Pro Tip
Stress Test Your Budget
Calculate the payment at 2% higher than today's rate. If you can't afford that, a variable-rate HELOC is too risky for you.
⚡Pro Tip
The 'Payment Shock' Check
Toggle between 'Interest Only' and 'Amortized'. See the difference? That is your future payment shock. Be ready.
🛡️Pro Tip
Round Up for Safety
If the calculator says $344, budget $400. Interest rates fluctuate, and it's better to have extra cash than to be short.
🏠Pro Tip
Taxes & Insurance
Remember this payment is ON TOP of your existing mortgage payment (which likely includes taxes). Don't double count!
Frequently Asked Questions
This estimator can calculate both. Select 'Interest Only' for HELOC draw periods, or 'Principal + Interest' for Home Equity Loans or HELOC repayment periods.
Banks may add 'Loan Protection Insurance' or other fees. Also, HELOC rates change daily. This tool gives a baseline estimate based on the raw math.
No. Your primary mortgage escrow covers taxes and insurance. This payment is ON TOP of your existing mortgage payment.
The rates shown are typically for 'Prime' borrowers (720+ score). If your score is 640, expect your rate (and payment) to be roughly 1-2% higher.
It is mathematically accurate for the inputs you provide. However, since rates vary by lender and region, treat this as a solid ballpark figure, not a lender promise.