Mortgage & Home
Home Equity Loan Calculator
Estimate your home equity loan payment based on the amount borrowed, interest rate, and term. See your combined loan-to-value ratio and how much equity remains after the loan.
Monthly Payment
$573.39
Combined LTV
68.00%
Available Equity
$160,000.00
Total Interest
$43,210.43
Total Cost
$103,210.43
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Payment Breakdown
Principal
$60,000.00 (58.1%)
Interest
$43,210.43 (41.9%)
How This Calculator Works
Home equity loan payment is calculated using the standard amortization formula. Combined LTV is your current mortgage plus the home equity loan divided by your home value. Most lenders cap combined LTV at 80-90%.
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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.