Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

HELOC calculator

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

Updated

Fact checked

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 lenders

Name Product Max LTV Min. credit score State availability
Hometap equity partners
600
Only available in: AZ, CA, FL, MA, MD, MI, MN, NC, NJ, NY, OR, VA
Rocket Mortgage
620
Available in all states
Streamline your mortgage from quote to final payment — all from your computer or phone.
loading

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.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site