Home Equity Payment Calculator

Home Equity Payment Calculator

What will your monthly home equity loan payments be?

This calculator helps you determine how much your monthly payments will be for a home equity loan or line of credit based on different combinations of loan amount, home equity interest rate, and term.

 

Asterisk (*) indicates required fields.

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TipLoan Type - The payments on a fixed-rate loan will stay the same for the life of your loan. The payments on an interest-only loan do not include principal.
TipLoan Amount - Enter the amount you plan to finance. For example, if you are buying a $300,000 home with a 20% down payment, your loan amount would be $240,000.
TipInterest rate - Enter the interest rate that you will pay. You can find current mortgage rates from Freddie Mac at www.freddiemac.com.
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TipTerm - "Enter the term you desire for your loan. Common mortgage terms are 15, 25 and 30 years.

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