justyourcalculatorHome Equity Loan Calculator
How much you can borrow against your home and what it costs each month.
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Home Equity Loan Calculator
How much equity you can borrow and the payment
Most lenders allow 80% to 85%.
Monthly payment
$485.07
Within your estimated limit of $150,000
- Home equity50% of the home
- $250,000
- Maximum you can borrow80% of $500,000 minus $250,000 owed
- $150,000
- Combined loan-to-value
- 60%
- Closing costs
- $1,000.00
- Total interest
- $37,312.63
- Total of payments
- $87,312.63
Limits vary by lender, credit score and income. A home equity loan is secured by your home, so missed payments can lead to foreclosure.
- Mortgage$250,000
- Home equity loan$50,000
- Remaining equity$200,000
- Balance
- Interest paid
- Principal paid
| Period | Payment | Interest | Principal | Balance |
|---|---|---|---|---|
| Year 1 | $5,820.84 | $4,059.38 | $1,761.46 | $48,238.54 |
| Year 2 | $5,820.84 | $3,908.44 | $1,912.40 | $46,326.14 |
| Year 3 | $5,820.84 | $3,744.56 | $2,076.28 | $44,249.86 |
| Year 4 | $5,820.84 | $3,566.64 | $2,254.20 | $41,995.66 |
| Year 5 | $5,820.84 | $3,373.47 | $2,447.37 | $39,548.29 |
| Year 6 | $5,820.84 | $3,163.75 | $2,657.09 | $36,891.20 |
| Year 7 | $5,820.84 | $2,936.06 | $2,884.78 | $34,006.42 |
| Year 8 | $5,820.84 | $2,688.86 | $3,131.98 | $30,874.44 |
| Year 9 | $5,820.84 | $2,420.47 | $3,400.37 | $27,474.07 |
| Year 10 | $5,820.84 | $2,129.09 | $3,691.75 | $23,782.32 |
| Year 11 | $5,820.84 | $1,812.73 | $4,008.11 | $19,774.21 |
| Year 12 | $5,820.84 | $1,469.27 | $4,351.57 | $15,422.64 |
| Year 13 | $5,820.84 | $1,096.38 | $4,724.47 | $10,698.17 |
| Year 14 | $5,820.84 | $691.53 | $5,129.32 | $5,568.86 |
| Year 15 | $5,820.84 | $251.98 | $5,568.86 | $0.00 |
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How the home equity loan calculator works
Lenders cap the combined loan-to-value (CLTV): all loans on the home divided by its value. With an 80% CLTV on a $500,000 home, total borrowing can reach $400,000, so if you owe $250,000 you could borrow up to $150,000.
A home equity loan pays out a lump sum at a fixed rate, repaid in equal monthly payments: amount × r / (1 - (1 + r)^-n).
Using and checking your result
Published by JustYourCalculator. Check the units and assumptions above, and compare a known example before relying on the output. Calculations use browser arithmetic and may round displayed values.
This is an educational estimate, not a lender quote, tax filing calculation or investment recommendation. Actual costs depend on current rules, fees and your circumstances. Verify important decisions with official sources and a qualified adviser.
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