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Home Equity Line of Credit
(HELOC) Calculator

Need flexible access to funds for remodeling, education, or emergencies? The Home Equity Line of Credit (HELOC) Calculator helps you estimate how much you can borrow and what your monthly payments could look like—so you can use your home’s value wisely



HELOC Calculator

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What is Home Equity Line of Credit (HELOC) Calculator

A Home Equity Line of Credit (HELOC) Calculator is a financial tool that helps homeowners estimate the borrowing limit and payment structure for a revolving line of credit secured by their home equity. Unlike a traditional home equity loan, a HELOC acts like a credit card—you can borrow, repay, and borrow again up to your approved limit during the draw period.

This calculator is ideal for homeowners considering renovations, tuition, medical bills, or any large, staggered expenses. It takes into account your home’s current value, mortgage balance, credit profile, and lender loan-to-value (LTV) ratio to determine your available equity and repayment expectations. It also helps you estimate interest-only and amortized payment scenarios based on usage and interest rate.




How it works

Home Equity Line of Credit (HELOC) Calculator

To use the HELOC Calculator, start by entering your home’s market value and the outstanding balance on your current mortgage. The calculator applies a typical LTV cap—usually 80%–90%—to determine how much equity is available for the HELOC. Then, input your estimated draw amount, interest rate, and repayment preferences (interest-only or principal + interest) to calculate monthly payments.

For example, if your home is valued at ₹1 crore and you owe ₹50 lakhs, with an 85% LTV limit, you could be eligible for a HELOC up to ₹35 lakhs. If you plan to draw ₹10 lakhs at a 9% interest rate, the calculator shows you what your minimum monthly interest-only payments would be during the draw period, and what they would look like during the repayment period when principal kicks in. This gives a clear and complete picture of cost, flexibility, and affordability.



Frequently Asked Questions

What’s the difference between a HELOC and a home equity loan Toggle
A HELOC is a revolving credit line with variable interest rates, while a home equity loan is a lump-sum loan with a fixed rate and fixed payments
How much can I borrow with a HELOC Toggle
Most lenders allow up to 80%–90% of your home’s value minus your current mortgage balance. The exact amount depends on your credit and income.
Do HELOC payments change over time Toggle
Yes. During the draw period, payments may be interest-only. Once the repayment period begins, payments increase to include both principal and interest.
Is the interest on a HELOC tax deductible Toggle
In many cases, yes—if the HELOC is used to buy, build, or improve the home that secures the loan. Always consult a tax professional for guidance.
Can I reuse funds after repayment Toggle
Yes. During the draw period, you can borrow again up to your credit limit as you repay the principal, much like a credit card.