Home Equity Line of Credit Calculator
Whether you're paying off debt or planning a renovation - see your numbers before applying.
Your Existing Loan
Original Loan
Remaining Balance
Remaining Balance
$15,000
Current Interest Rate (%)
9.00%
Months Remaining
36
For the most accurate comparison, use your current
statement balance and remaining term.
Original Loan Amount
$20,000
Original Interest Rate (%)
9.00%
Original Term (Months)
60
Months Already Paid
12
Estimated Remaining Balance
--
Months Remaining
--
Monthly Payment You Are Currently Paying
$0
Payment entered is below the calculated minimum.
Using calculated payment for comparison.
Calculated Minimum Payment
--
Your HELOC
Home Value
$300,000
Current Mortgage Balance
$200,000
HELOC Draw Amount
$15,000
Combined LTV: --%
Override payment structure
Base Rate (%)
7.50%
Margin (%)
+0.00%
Effective Rate: 7.50%
Choose Your Payment Strategy
Monthly Payment Amount
$0
At the current rate and balance, interest accruing each
month exceeds the minimum payment. The outstanding balance
may grow over time. Consider a higher payment using the
strategy options above.
Current Payment
--
Existing loan
HELOC Payment
--
Based on selected strategy
Monthly Payment
Difference
--
Total Interest
Comparison
--
Balance at
Year 5
--
Existing Loan Interest Cost
--
HELOC 5-Yr Interest Only*
--
HELOC terms are for an initial 5-year period. At the end
of your term, your line will be reviewed for renewal.
Speak with one of our loan officers to explore your options.
This calculator provides illustrative estimates only. It
does not constitute a loan commitment or official quote.
Actual payments, rates, and terms are subject to credit
approval, underwriting and current market conditions.
Payment structure shown is based on the LTV entered for
illustrative purposes only. HELOC rates are variable and
may change. Please contact a local branch or loan officer
for official terms.
How Will You Use It?
Borrowing Amount
$25,000
Home Value
$300,000
Current Mortgage Balance
$200,000
Combined LTV: --%
Override payment structure
Your HELOC Rate
Base Rate (%)
7.50%
Margin (%)
+0.00%
Effective Rate: 7.50%
Choose Your Payment Strategy
Monthly Payment Amount
$0
At the current rate and balance, interest accruing each
month exceeds the minimum payment. The outstanding balance
may grow over time. Consider a higher payment using the
strategy options above.
Combined LTV: --%
Monthly
Payment
--
Interest Cost
(5-Year)
--
Balance at
Year 5
--
Principal Borrowed
--
5-Year Interest Only*
--
HELOC terms are for an initial 5-year period. At the end
of your term, your line will be reviewed for renewal.
Speak with one of our loan officers to explore your options.
This calculator provides illustrative estimates only. It
does not constitute a loan commitment or official quote.
Actual payments, rates, and terms are subject to credit
approval, underwriting and current market conditions.
Payment structure shown is based on the LTV entered for
illustrative purposes only. HELOC rates are variable and
may change. Please contact a local branch or loan officer
for official terms.