HELOC & Home Equity Calculator

Calculate available home equity and HELOC borrowing capacity

What is this? Calculate available home equity and HELOC borrowing capacity. See how much you can borrow against your home's value.

Who it's for: Business professionals, contractors, and financial planners.
Home Value & Mortgage
HELOC Terms
Equity Analysis
Total Home Equity
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Available Credit (85% LTV)
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Max HELOC at 85%
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Monthly Payment
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Total Interest Paid
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Total Cost of HELOC
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Equity at Draw End
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LTV After HELOC
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Credit Line Approved?
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For educational purposes. Not financial advice. Consult a mortgage professional.

Home Equity & HELOC Tools

Tools that pair well with this calculator — selected by our team.

NerdWallet →
Compare HELOC rates — $6–$10/lead
Better Mortgage →
$200–$300/loan — home equity loans
ToolBest ForNetwork
NerdWalletCompare HELOC ratesFlexOffers
Better Mortgage$200–$300/loanFlexOffers

We may earn a commission if you click above. Calculator is free to use.

Frequently Asked Questions

What is a HELOC?

Home Equity Line of Credit: a revolving credit line secured by your home equity. Unlike a home equity loan (lump sum), a HELOC works like a credit card — you draw as needed and only pay interest on what you borrow.

What can I use home equity for?

Home improvements (often tax-deductible if over $750K home value), debt consolidation (often at lower rates than credit cards), education expenses, investment properties. Using it for consumption is risky — your home is collateral.

What's the difference between HELOC and home equity loan?

Home equity loan: lump sum at fixed rate, predictable payments. HELOC: revolving credit line, variable rate, flexible draws. HELOCs have draw periods (5-10 years) followed by repayment periods (10-20 years).