HELOC Calculator

Calculate maximum credit lines, draw limits, and interest-only monthly payments on a home equity line of credit.

Input Parameters

Current Home Value ($)

Current Mortgage Balance ($)

Max LTV Allowed (%) (%)

Expected Line Draw ($)

Variable Interest Rate (%)

Maximum Available Credit Line$110,000.00

Actual Drawn Balance$40,000.00

Estimated Interest-Only Payment$300.00

Unused Credit Cushion$70,000.00

Instant mathematical calculations computed automatically according to standard formulas.