Home Equity Loan Payment Calculator

Home Equity Loan Payment Calculator is an useful tool to help homeowners calculate how much money they can borrow using the equity in their homes.

Home Equity Loan Calculator
Loan Amount		Loan Terms	years
Interest Rate		First Payment Date	Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039
Amortization Schedule	Show By Month Show By Year		How much equity do I have

Home Equity Calculator
Loan Amount:	$225,000.00
Monthly Payment:	$2,186.94
Total # Of Payments:	144
Start Date:	Nov, 2025
Payoff Date:	Oct, 2037
Total Interest Paid:	$89,919.37
Total Payment:	$314,919.37

Home Equity Loan Amortization Schedule
Payment Date	Payment #	Interest Paid	Principal Paid	Total Payment	Remaining Balance
Nov, 2025	1	$1,110.94	$1,076.00	$2,186.94	$223,924.00
Dec, 2025	2	$1,105.62	$1,081.32	$2,186.94	$222,842.68
Jan, 2026	3	$1,100.29	$1,086.65	$2,186.94	$221,756.03
Feb, 2026	4	$1,094.92	$1,092.02	$2,186.94	$220,664.01
Mar, 2026	5	$1,089.53	$1,097.41	$2,186.94	$219,566.60
Apr, 2026	6	$1,084.11	$1,102.83	$2,186.94	$218,463.77
May, 2026	7	$1,078.66	$1,108.28	$2,186.94	$217,355.49
Jun, 2026	8	$1,073.19	$1,113.75	$2,186.94	$216,241.74
Jul, 2026	9	$1,067.69	$1,119.25	$2,186.94	$215,122.50
Aug, 2026	10	$1,062.17	$1,124.77	$2,186.94	$213,997.72
Sep, 2026	11	$1,056.61	$1,130.33	$2,186.94	$212,867.40
Oct, 2026	12	$1,051.03	$1,135.91	$2,186.94	$211,731.49
Nov, 2026	13	$1,045.42	$1,141.52	$2,186.94	$210,589.98
Dec, 2026	14	$1,039.79	$1,147.15	$2,186.94	$209,442.82
Jan, 2027	15	$1,034.12	$1,152.82	$2,186.94	$208,290.01
Feb, 2027	16	$1,028.43	$1,158.51	$2,186.94	$207,131.50
Mar, 2027	17	$1,022.71	$1,164.23	$2,186.94	$205,967.27
Apr, 2027	18	$1,016.96	$1,169.98	$2,186.94	$204,797.29
May, 2027	19	$1,011.19	$1,175.75	$2,186.94	$203,621.54
Jun, 2027	20	$1,005.38	$1,181.56	$2,186.94	$202,439.98
Jul, 2027	21	$999.55	$1,187.39	$2,186.94	$201,252.59
Aug, 2027	22	$993.68	$1,193.26	$2,186.94	$200,059.33
Sep, 2027	23	$987.79	$1,199.15	$2,186.94	$198,860.19
Oct, 2027	24	$981.87	$1,205.07	$2,186.94	$197,655.12
Nov, 2027	25	$975.92	$1,211.02	$2,186.94	$196,444.10
Dec, 2027	26	$969.94	$1,217.00	$2,186.94	$195,227.10
Jan, 2028	27	$963.93	$1,223.01	$2,186.94	$194,004.10
Feb, 2028	28	$957.90	$1,229.04	$2,186.94	$192,775.05
Mar, 2028	29	$951.83	$1,235.11	$2,186.94	$191,539.94
Apr, 2028	30	$945.73	$1,241.21	$2,186.94	$190,298.73
May, 2028	31	$939.60	$1,247.34	$2,186.94	$189,051.39
Jun, 2028	32	$933.44	$1,253.50	$2,186.94	$187,797.89
Jul, 2028	33	$927.25	$1,259.69	$2,186.94	$186,538.20
Aug, 2028	34	$921.03	$1,265.91	$2,186.94	$185,272.29
Sep, 2028	35	$914.78	$1,272.16	$2,186.94	$184,000.13
Oct, 2028	36	$908.50	$1,278.44	$2,186.94	$182,721.69
Nov, 2028	37	$902.19	$1,284.75	$2,186.94	$181,436.94
Dec, 2028	38	$895.84	$1,291.10	$2,186.94	$180,145.85
Jan, 2029	39	$889.47	$1,297.47	$2,186.94	$178,848.38
Feb, 2029	40	$883.06	$1,303.88	$2,186.94	$177,544.50
Mar, 2029	41	$876.63	$1,310.31	$2,186.94	$176,234.19
Apr, 2029	42	$870.16	$1,316.78	$2,186.94	$174,917.40
May, 2029	43	$863.65	$1,323.29	$2,186.94	$173,594.12
Jun, 2029	44	$857.12	$1,329.82	$2,186.94	$172,264.30
Jul, 2029	45	$850.55	$1,336.39	$2,186.94	$170,927.91
Aug, 2029	46	$843.96	$1,342.98	$2,186.94	$169,584.93
Sep, 2029	47	$837.33	$1,349.61	$2,186.94	$168,235.32
Oct, 2029	48	$830.66	$1,356.28	$2,186.94	$166,879.04
Nov, 2029	49	$823.97	$1,362.97	$2,186.94	$165,516.06
Dec, 2029	50	$817.24	$1,369.70	$2,186.94	$164,146.36
Jan, 2030	51	$810.47	$1,376.47	$2,186.94	$162,769.89
Feb, 2030	52	$803.68	$1,383.26	$2,186.94	$161,386.63
Mar, 2030	53	$796.85	$1,390.09	$2,186.94	$159,996.53
Apr, 2030	54	$789.98	$1,396.96	$2,186.94	$158,599.58
May, 2030	55	$783.09	$1,403.85	$2,186.94	$157,195.72
Jun, 2030	56	$776.15	$1,410.79	$2,186.94	$155,784.94
Jul, 2030	57	$769.19	$1,417.75	$2,186.94	$154,367.18
Aug, 2030	58	$762.19	$1,424.75	$2,186.94	$152,942.43
Sep, 2030	59	$755.15	$1,431.79	$2,186.94	$151,510.64
Oct, 2030	60	$748.08	$1,438.86	$2,186.94	$150,071.79
Nov, 2030	61	$740.98	$1,445.96	$2,186.94	$148,625.83
Dec, 2030	62	$733.84	$1,453.10	$2,186.94	$147,172.73
Jan, 2031	63	$726.67	$1,460.27	$2,186.94	$145,712.45
Feb, 2031	64	$719.46	$1,467.48	$2,186.94	$144,244.97
Mar, 2031	65	$712.21	$1,474.73	$2,186.94	$142,770.24
Apr, 2031	66	$704.93	$1,482.01	$2,186.94	$141,288.22
May, 2031	67	$697.61	$1,489.33	$2,186.94	$139,798.90
Jun, 2031	68	$690.26	$1,496.68	$2,186.94	$138,302.21
Jul, 2031	69	$682.87	$1,504.07	$2,186.94	$136,798.14
Aug, 2031	70	$675.44	$1,511.50	$2,186.94	$135,286.64
Sep, 2031	71	$667.98	$1,518.96	$2,186.94	$133,767.68
Oct, 2031	72	$660.48	$1,526.46	$2,186.94	$132,241.22
Nov, 2031	73	$652.94	$1,534.00	$2,186.94	$130,707.22
Dec, 2031	74	$645.37	$1,541.57	$2,186.94	$129,165.64
Jan, 2032	75	$637.76	$1,549.18	$2,186.94	$127,616.46
Feb, 2032	76	$630.11	$1,556.83	$2,186.94	$126,059.62
Mar, 2032	77	$622.42	$1,564.52	$2,186.94	$124,495.10
Apr, 2032	78	$614.69	$1,572.25	$2,186.94	$122,922.86
May, 2032	79	$606.93	$1,580.01	$2,186.94	$121,342.85
Jun, 2032	80	$599.13	$1,587.81	$2,186.94	$119,755.04
Jul, 2032	81	$591.29	$1,595.65	$2,186.94	$118,159.39
Aug, 2032	82	$583.41	$1,603.53	$2,186.94	$116,555.86
Sep, 2032	83	$575.49	$1,611.45	$2,186.94	$114,944.42
Oct, 2032	84	$567.54	$1,619.40	$2,186.94	$113,325.01
Nov, 2032	85	$559.54	$1,627.40	$2,186.94	$111,697.62
Dec, 2032	86	$551.51	$1,635.43	$2,186.94	$110,062.18
Jan, 2033	87	$543.43	$1,643.51	$2,186.94	$108,418.68
Feb, 2033	88	$535.32	$1,651.62	$2,186.94	$106,767.05
Mar, 2033	89	$527.16	$1,659.78	$2,186.94	$105,107.28
Apr, 2033	90	$518.97	$1,667.97	$2,186.94	$103,439.30
May, 2033	91	$510.73	$1,676.21	$2,186.94	$101,763.09
Jun, 2033	92	$502.46	$1,684.48	$2,186.94	$100,078.61
Jul, 2033	93	$494.14	$1,692.80	$2,186.94	$98,385.81
Aug, 2033	94	$485.78	$1,701.16	$2,186.94	$96,684.65
Sep, 2033	95	$477.38	$1,709.56	$2,186.94	$94,975.09
Oct, 2033	96	$468.94	$1,718.00	$2,186.94	$93,257.09
Nov, 2033	97	$460.46	$1,726.48	$2,186.94	$91,530.60
Dec, 2033	98	$451.93	$1,735.01	$2,186.94	$89,795.60
Jan, 2034	99	$443.37	$1,743.57	$2,186.94	$88,052.02
Feb, 2034	100	$434.76	$1,752.18	$2,186.94	$86,299.84
Mar, 2034	101	$426.11	$1,760.83	$2,186.94	$84,539.00
Apr, 2034	102	$417.41	$1,769.53	$2,186.94	$82,769.47
May, 2034	103	$408.67	$1,778.27	$2,186.94	$80,991.21
Jun, 2034	104	$399.89	$1,787.05	$2,186.94	$79,204.16
Jul, 2034	105	$391.07	$1,795.87	$2,186.94	$77,408.29
Aug, 2034	106	$382.20	$1,804.74	$2,186.94	$75,603.56
Sep, 2034	107	$373.29	$1,813.65	$2,186.94	$73,789.91
Oct, 2034	108	$364.34	$1,822.60	$2,186.94	$71,967.31
Nov, 2034	109	$355.34	$1,831.60	$2,186.94	$70,135.71
Dec, 2034	110	$346.30	$1,840.65	$2,186.94	$68,295.06
Jan, 2035	111	$337.21	$1,849.73	$2,186.94	$66,445.33
Feb, 2035	112	$328.07	$1,858.87	$2,186.94	$64,586.46
Mar, 2035	113	$318.90	$1,868.04	$2,186.94	$62,718.42
Apr, 2035	114	$309.67	$1,877.27	$2,186.94	$60,841.15
May, 2035	115	$300.40	$1,886.54	$2,186.94	$58,954.61
Jun, 2035	116	$291.09	$1,895.85	$2,186.94	$57,058.76
Jul, 2035	117	$281.73	$1,905.21	$2,186.94	$55,153.55
Aug, 2035	118	$272.32	$1,914.62	$2,186.94	$53,238.93
Sep, 2035	119	$262.87	$1,924.07	$2,186.94	$51,314.85
Oct, 2035	120	$253.37	$1,933.57	$2,186.94	$49,381.28
Nov, 2035	121	$243.82	$1,943.12	$2,186.94	$47,438.16
Dec, 2035	122	$234.23	$1,952.71	$2,186.94	$45,485.45
Jan, 2036	123	$224.58	$1,962.36	$2,186.94	$43,523.09
Feb, 2036	124	$214.90	$1,972.04	$2,186.94	$41,551.05
Mar, 2036	125	$205.16	$1,981.78	$2,186.94	$39,569.27
Apr, 2036	126	$195.37	$1,991.57	$2,186.94	$37,577.70
May, 2036	127	$185.54	$2,001.40	$2,186.94	$35,576.30
Jun, 2036	128	$175.66	$2,011.28	$2,186.94	$33,565.02
Jul, 2036	129	$165.73	$2,021.21	$2,186.94	$31,543.80
Aug, 2036	130	$155.75	$2,031.19	$2,186.94	$29,512.61
Sep, 2036	131	$145.72	$2,041.22	$2,186.94	$27,471.39
Oct, 2036	132	$135.64	$2,051.30	$2,186.94	$25,420.09
Nov, 2036	133	$125.51	$2,061.43	$2,186.94	$23,358.66
Dec, 2036	134	$115.33	$2,071.61	$2,186.94	$21,287.05
Jan, 2037	135	$105.10	$2,081.84	$2,186.94	$19,205.22
Feb, 2037	136	$94.83	$2,092.11	$2,186.94	$17,113.10
Mar, 2037	137	$84.50	$2,102.44	$2,186.94	$15,010.66
Apr, 2037	138	$74.12	$2,112.82	$2,186.94	$12,897.84
May, 2037	139	$63.68	$2,123.26	$2,186.94	$10,774.58
Jun, 2037	140	$53.20	$2,133.74	$2,186.94	$8,640.84
Jul, 2037	141	$42.66	$2,144.28	$2,186.94	$6,496.56
Aug, 2037	142	$32.08	$2,154.86	$2,186.94	$4,341.70
Sep, 2037	143	$21.44	$2,165.50	$2,186.94	$2,176.20
Oct, 2037	144	$10.74	$2,176.20	$2,186.94	$0.00

Home Equity Calculator

Use the home equity calculator to check how much equity you have in your home, and how much home equity loan you can get using your home value and outstanding mortgage balance.

How Much Equity Do I Have in My Home?
Home Value	$
Mortgage Balance	$

Your Home Equity
Home Equity %

How Much Home Equity Loan Can I Get?
LTV 75%
LTV 80%
LTV 85%
LTV 90%

What Is a Home Equity Loan?

A home equity loan is a type of loan or second mortgage that allows homeowners to borrow money against their home using the equity they built. Home equity is the difference between the home value and the remaining balance of the homeowner's mortgage.

How Home Equity Loans Work?

Home equity loans are secured by your home as collateral, and usually have fixed interest rate. Once you are approved for a home equity loan, the lender gives you a one-time lump sum, and you will then repay the loan with a fixed monthly payments over a period of time such as 5, 10, 15, or 20 years.

How Much Home Equity Loan Can I Get?

How much equity can you borrow from your home depends on the value of your home and the amount of home equity you have in your home. Most lenders allow homeowners to have a combined LTV of 80%, with some lenders go up to 85% and even 90% LCTV. If your home is worth $1 million, and your mortgage balanace is $600,000, you have $400,000 home equity in your home. Let's say your lender allows a maximum CLTV of 85%, and your current mortgage balance is $600,000 with a $1 million home value, then the maximum amount of debt you can have is 85% of $1 million or $850,000. Since you already have a $600,000 mortgage, the maximum home equity loan you can get is $850,000 subtract $600,000 or $250,000.

What Can You Use a Home Equity Loan For?

Home equity loans are very flexible, you basically use it for anything as long as you can repay the loan.

• Home Improvements - Upgrading your home such as kitchens, bathrooms, installing solar panel, fixing an old roof to increase property value.
• Debt Consolidation - You can use a home equity loan to pay off your other debt with higher interest rate.
• Medical Bills - You can use the home equity loan to pay off any medical bills or use it for other emergency needs.
• Education - If you are going back to school, or need money to fund your kid's education, home equity loan is an option.

Benefits of Home Equity Loans

There are many benefits of home equity loans, following are the main ones.

• Lower Interest Rates - home equity loan have lower interest rate than most other type of loans such as personal loans, credit cards, or auto loans.
• Fixed payments - Since interest rates are fixed, your monthly payments will remain the same throughout the course of the loan.
• Tax Benefits - Your home equity loan may qualify for tax deductions.
• Lump-sum Payment - You get the full amount in advanced.

Risks and Drawbacks of Home Equity Loans

Before you go out to apply for a home equity loan, you need to know the risks and drawbacks of getting a home equity loan.

• Losing Your Home - Since your home is used as collateral, you will lose your home if you fail to make payments.
• Increased Debt - Your LTV will be higher with the additional loan, and you may not qualify for future financing.
• Closing Costs - Just like a mortgage, there are closing costs for home equity loans ranging from from 2%–5%.
• Less Flexible Than HELOCs - Since you get the lump-sum in advanced, you will immediately need to start paying interest on the loan.

What Is a Home Equity Calculator?

A home equity calculator is used to help homeowners calculate how much equity they have in their homes and how much they can borrow. The home equity calculator uses current home value and remaining mortgage balance to determine how much equity you've built and the maximum amount you can still borrow based on the LTV. Most lenders allow homeowners to borrow up to 80%–85% of their home's value. The home equity calculator shows how much you may be eligible to borrow based on the LTV value ranging from 75% to 90%.

What Is a Home Equity Loan Payment Calculator?

After you know how much equity you have in your home and how much you can borrow, you can then use the home equity loan calculator to calculate your monthly payments. A home equity loan calculator is an financial tool that helps homeowners estimate the monthly payments they would need to make on their home equity loans based on the loan amount, interest rate, and length of the term.

The home equity loan calculator with amortization schedule has a breakdown of each monthly payments by interest and principal payments so you know exactly how much you are paying on interest. You will also know the total interest payments over the course of your home equity loan.

Why is a Home Equity Loan Calculator Useful?

Our home equity loan calculator helps homeowners budget better before they apply for a loan. You can compare different scenarios by adjusting your interest rate, terms, or loan amounts. You can also use the home equity loan calculator to compare the terms from different lenders and get the best deal. By preparing before hand, you will avoid surprises and unexpected payments down the road.