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Home Equity Loan Calculator

Thinking of using your home’s equity for a major expense? The Home Equity Loan Calculator helps you estimate how much you can borrow against your property’s value—so you can plan confidently for renovations, debt consolidation, or other financial goals



Home Equity Loan Calculator

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What is Home Equity Loan Calculator

The Home Equity Loan Calculator is a financial tool that allows homeowners to determine how much money they can borrow using the equity built up in their home. Home equity loans are lump-sum loans secured by your home, often used for large expenses like home improvements, college tuition, or medical bills.

This calculator is especially helpful for homeowners who want to leverage their property’s value without refinancing their first mortgage. By entering your home’s current market value, outstanding mortgage balance, and lender requirements, the tool estimates the maximum loan amount you may qualify for and gives you a realistic picture of your borrowing power.




How it works

Home Equity Loan Calculator

To use the Home Equity Loan Calculator, you’ll enter your home’s estimated market value and your current mortgage balance. The calculator then applies a typical loan-to-value (LTV) ratio—usually up to 80%–90% of your home’s value—to determine how much equity is available to borrow.

For example, if your home is worth ₹1 crore and you owe ₹50 lakhs, and your lender allows 80% LTV, you could borrow up to ₹30 lakhs in equity (₹80 lakhs total borrowing power minus ₹50 lakhs existing mortgage). The tool may also let you enter interest rate and term to estimate your monthly payment. This gives you a full view of how a home equity loan will impact your finances before applying



Frequently Asked Questions

What is a home equity loan Toggle
A home equity loan is a fixed-term loan where you borrow a lump sum based on the equity in your home and repay it over time with fixed monthly payments.
How much can I borrow with a home equity loan Toggle
Most lenders allow you to borrow up to 80%–90% of your home’s value minus your existing mortgage balance.
What is the difference between a home equity loan and a HELOC Toggle
A home equity loan gives you a lump sum with a fixed interest rate. A HELOC is a revolving credit line with variable rates, like a credit card.
Will using this tool affect my credit score Toggle
No. The calculator is for informational purposes only and does not involve a credit check or impact your credit report.
Do I have to refinance my current mortgage to get a home equity loan Toggle
No. A home equity loan is a second mortgage, so it doesn’t replace your existing mortgage—it adds a new, separate loan.