Home Equity Loan and HELOC Calculator

Written by
Rene Bermudez
Updated on: August 08, 2025
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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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leaf-icon LendingTree takeaways

  • Our calculator tells you how much money you might get with a home equity loan or home equity line of credit (HELOC), with an 85% loan-to-value (LTV) ratio.
  • Both home equity loans and HELOCs pull from your home’s equity, but home equity loans are usually paid out all at once, while HELOCs are a credit line you can use and re-use.
  • A home equity loan makes the most sense if you know how much money you need, but a HELOC may work better if you require ongoing funds or have an uncertain budget.
  • LendingTree provides competitive rate offers from multiple lenders at once, so you can skip applying with each bank separately. This lets you quickly find your best interest rate.

Competitive home equity rates offered on LendingTree this month

LOAN AMOUNT

APR AS LOW AS Rates are calculated based on conditional offers for both home equity loans and home equity lines of credit with 30-year repayment periods presented to consumers nationwide by LendingTree’s network partners in the past 30 days for each loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.

$25,000

6.99%

$50,000

6.99%

$100,000

6.99%

$150,000

6.88%

Home equity loan vs. HELOC: What’s the difference?

Home equity loanHELOC
Payout typeLump sumRevolving credit line 
Rate typeFixedVariable
Interest-only payment option?
Common uses College tuition
Consolidating debt
Starting a business		 Home improvements
Medical expenses
Emergency funds

Home equity loan and HELOC requirements

Most lenders qualify you based on the following home equity requirements:

  • 43% maximum debt-to-income (DTI) ratio Your DTI ratio compares how much you owe each month to how much you earn. To calculate it, divide your monthly debt payments by your total monthly income before taxes. Most lenders prefer a DTI below 43%, but 35% or lower is considered ideal.
  • 620 minimum credit score
  • 85% maximum loan-to-value (LTV) ratio An LTV ratio shows what percentage of your home’s value you’re borrowing. For example, if you’re buying a $200,000 house with a $160,000 mortgage, your LTV is 80%. Lenders use this number to decide how risky your loan is. Most lenders won’t let you borrow more than 85% of your home’s value, which means that the total balance of both your current mortgage and new home equity loan or HELOC can’t exceed 85% of your home’s value.

How is a $50,000 home equity loan different from a $50,000 home equity line of credit?

A home equity loan gives you the full $50,000 upfront as a lump sum with fixed monthly payments. A HELOC gives you the ability to borrow up to that $50,000 credit limit, and you can access the funds as needed, similar to a credit card.

With a home equity loan, you make the same fixed payment every month that includes both principal and interest. With a HELOC, your lender may offer you the option to make interest-only payments during the draw period (usually five to 10 years), which means much lower monthly payments initially, but higher payments later when your repayment period begins.

Average 30-year home equity monthly payments for LendingTree users

Loan amountMonthly payment Average rates disclaimer: Rates are calculated based on conditional offers for both home equity loans and home equity lines of credit with 30-year repayment periods presented to consumers nationwide by LendingTree’s network partners in the past 30 days for each loan amount. Rates and other loan terms are subject to lender approval and not guaranteed. Not all consumers may qualify. See LendingTree’s Terms of Use for more details.
$25,000$166.16
$50,000$332.32
$100,000$664.63
$150,000$985.39

  • Monthly payment during draw period​​ During the draw period you’ll often have the option to make low, interest-only payments. That means you only pay the interest charges each month without reducing the loan principal balance. : $369
  • Monthly payment during repayment period​​ During the repayment period you’ll pay the same amount each month, but each payment will go toward paying interest and reducing the principal balance. : $445
  • Total interest: Varies based on your credit usage

If you borrow the full $50,000 from a HELOC at today’s rates, you’d pay about $369 per month with interest-only payments or $445 with principal-and-interest payments. However, you only repay the amount you actually use. So, for example, if you only spend $25,000, your payments would be half of those amounts.

You’d pay about $407 per month for a $50,000 home equity loan with a 20-year term at current market rates.

  • Monthly payment during draw period ​​ During the draw period you’ll often have the option to make low, interest-only payments. That means you only pay the interest charges each month without reducing the loan principal balance. : $482
  • Monthly payment during repayment period​​ During the repayment period you’ll pay the same amount each month, but each payment will go toward paying interest and reducing the principal balance. : $614
  • Total interest: Varies based on your credit usage

If you borrow the full $75,000 from a HELOC at today’s rates, you’d pay about $482 per month with interest-only payments or $614 with principal-and-interest payments. However, you only repay the amount you actually use. So, for example, if you only spend $37,500, your payments would be half of those amounts.

You’d pay about $648 per month for a $75,000 home equity loan with a 20-year term at current market rates.

  • Monthly payment during draw period​​ During the draw period you’ll often have the option to make low, interest-only payments. That means you only pay the interest charges each month without reducing the loan principal balance. : $633
  • Monthly payment during repayment period​​ During the repayment period you’ll pay the same amount each month, but each payment will go toward paying interest and reducing the principal balance. : $812
  • Total interest: Varies based on your credit usage

If you borrow the full $100,000 from a HELOC at today’s rates, you’d pay about $633 per month with interest-only payments or $812 with principal-and-interest payments. However, you only pay on the amount you actually use. So, for example, if you only spend $50,000, your payments would be half of those amounts.

You’d pay about $820 per month for a $100,000 home equity loan with a 20-year term at current market rates.

How to calculate your home equity loan or HELOC amount

You can calculate your home equity loan or HELOC loan amount using this formula:

Borrowing limit = (Current home value x 85%) – Current mortgage balance

Usually, the total balance of both your current mortgage and new home equity loan or HELOC can’t exceed 85% of what your home is worth. But some specialized home equity lenders let you borrow up to 100% of your home’s value. Learn more about getting a high-LTV home equity loan.

If you prefer to estimate how much home equity you may be able to borrow yourself, here’s the formula you can use:

  1. Multiply your home’s value by 85% (0.85)
  2. Subtract the amount you have left to pay on your mortgage
  3. The result is your potential home equity loan amount

You only need three pieces of information to find your estimate:

  1. Your home’s most recent appraised value (or estimated value). Use LendingTree’s home value estimator to get a ballpark value.
  2. Your outstanding mortgage balance. Grab your current mortgage statement to get this info.
  3. Your credit score range. If you don’t already know your credit score, you can get your free credit score on LendingTree.

How to apply for a HELOC or home equity loan on LendingTree

Before you start shopping for a home equity loan or HELOC, you’ll need to figure out how much equity you have in your home, since this determines both your eligibility and borrowing limit. You’ll also want to decide whether a lump-sum home equity loan or a flexible credit line better fits your needs.

Here’s how to get started:

  1. Prequalify. Fill out our online form and let LendingTree’s system match you with lenders based on your profile.
  2. Compare offers. You’ll receive loan offers from multiple lenders, usually within minutes. You’ll need proof of your income, employment, debt and assets.
  3. Complete a full application. Once you’ve compared offers and chosen a lender to move forward with, you’ll fill out that lender’s more detailed application. They’ll typically do a hard credit pull as part of evaluating your finances.
  4. Go through the closing process. Once you’re approved, you’ll get important documents: a closing disclosure comes with a home equity loan, while a HELOC borrower should receive a slightly different form known as a truth-in-lending disclosure.

Why you can trust LendingTree with your home equity loan or HELOC

Security

Instead of sharing information with multiple lenders, fill out one simple, secure form in five minutes or less.

Savings

We’ll match you with up to five lenders from our network of 300+ lenders who will call to compete for your business.

Support

We provide ongoing support with free credit monitoring, budgeting insights and personalized recommendations to help you save.

Frequently asked questions about home equity

It takes roughly two to four weeks to complete the home equity loan process.

Home equity loans and HELOCs can be hard to get if you have a credit score below 620, carry a lot of debt or don’t have enough home equity built up yet. Lenders typically require you to keep at least 15% equity in your home after borrowing against it.

However, if you meet the basic requirements, approval is usually straightforward and fast. You can often close on a home equity loan within a few weeks or a HELOC in as little as five days.