Home Equity Loan Payment Calculator

Plan payments for your home equity loan with precision. Estimate maximum borrowing from property value and mortgage balance. See monthly payment schedule interest totals and savings from extra payments. Understand payoff time and affordability. Adjust rate term and fees to test scenarios. Clear outputs support budgeting decisions for homeowners and advisors and lenders too.

Inputs
$
$
Used to estimate maximum borrowing capacity.
$
$

This tool assumes a fixed-rate closed-end loan with monthly compounding.

Calculated maximum loan (based on value and LTV): $ 0.00

Enter values and press Calculate to see monthly payments, payoff time, and a full amortization schedule. You can also estimate the maximum amount available from your equity using value and LTV.

FAQs

The tool uses the standard amortizing payment formula based on APR, term in months, and loan amount. It assumes monthly compounding and a fixed rate.
It estimates how much you could borrow given property value, your existing mortgage balance, and a chosen loan-to-value threshold. Lenders may use different limits and underwriting rules.
Extra payments are optional amounts added to principal. They do not change the scheduled payment but reduce interest and shorten the payoff time.
This focuses on fixed-rate closed-end loans. Lines of credit often have variable rates and draw periods, so results may not reflect those features.
Due to rounding and extra payments applied toward principal, the final payment can be less than the regular amount required earlier in the term.
No. The calculator models principal and interest only. Property taxes, insurance, and closing costs are not included.

For education only. Confirm terms with your lender.

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Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.