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HELOC calculator

Find out how much equity you might be able to borrow for a line of credit.

A HELOC is a revolving line of credit that’s taken out against your home’s equity. Use our calculator for an idea of what to expect as far as eligibility and funding.

How to use the HELOC calculator

  1. Enter your home’s estimated value. If you need help estimating this number, try searching online real estate listing sites to see how much similar homes in your area are worth.
  2. Enter how much you still owe on your mortgage. You can find this number on recent mortgage statements, or by logging in to your online mortgage account.
  3. If needed, adjust the maximum loan-to-value ratio. Because most lenders allow you to borrow up to 80% of your home’s value, this number is set to 80% by default.
  4. Based on the information you’ve provided, the calculator will show an estimated line of credit amount.

Calculate your estimated HELOC amount

What’s the caveat?

Your calculated result is a rule of thumb only. The exact amount you’re able to borrow depends on the lender’s assessment of your risk, including how much it’s willing to let you borrow against your home’s value and your overall creditworthiness. Most lenders look for a credit score of at least 650 for approval.

Overall costs depend on your interest rate during the draw period, how much you end up borrowing against your balance and other factors.

Compare home equity loan and HELOC options

Compare these lenders and lender marketplaces by the type of home equity product you're searching for, state availability and minimum credit score. Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Figure
(NMLS #1717824)
Figure
HELOC
Not available in: DE, HI, KY, MD, NY, SC, TX, UT, WV
620
Speedy prequalification, minimal fees and a wide range of loans and terms with this HELOC lender.
LendingTree
(NMLS #1136)
LendingTree
HELOC, Home Equity loans
Available in all states
620
Connect with vetted lenders quickly through this free online marketplace.
Hometap Equity Partners
Hometap Equity Partners
Home equity investment
Only available in: AZ, CA, FL, MA, MD, MI, MN, NC, NJ, NY, OR, PA, VA, WA
600
Sell a portion of your home's equity for cash without monthly payments or hurting your credit score.
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Compare up to 4 providers

Bottom line

Our HELOC calculator can give you an idea of how much you might be eligible to borrow. Your next step is to compare HELOC options to find a lender that meets your needs.

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