How Much Can Your EquityLend You?
Your home has equity sitting in it. See how much a home equity line of credit could lend against it, and what the payment looks like in each phase.
HELOC Calculator
A HELOC borrows against your home — treat it that way
A home equity line of credit lets you borrow against the value your home has built, usually at a rate far below credit cards. That spread is why it is the classic debt-consolidation move: swapping a 20-something-percent card balance for a single-digit line can genuinely change a budget. The same math also makes the risk plain — the line is secured by your home, so the payment deserves the same respect as your mortgage.
The payment structure surprises people: most HELOCs start with an interest-only draw period, then re-amortize the balance over the repayment period, and the payment jumps. This calculator shows both phases so the jump is never a surprise.
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