HELOC Calculator
Estimate how much you can borrow against your equity and what a draw would cost monthly.
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How it works
A home equity line of credit lets you borrow against the equity above your mortgage, up to a combined loan-to-value limit. During the draw period payments are often interest-only, which keeps them low but does not reduce the balance.
Frequently asked questions
What happens after the draw period?
The HELOC enters repayment, typically amortizing the balance over 10–20 years. Payments jump because you are now repaying principal, not just interest — budget for that step-up.
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