Home Equity Line of Credit Calculator

Home Equity Line of Credit Calculator

Are you going to apply for a home equity line of credit? What is the maximum amount of loan you may qualify for? The calculator will find out the line of credit amount based on the appraised value of your home. So, you can expect to get a higher amount of loan from the line of credit if your home has a higher appraised value. Beside, the calculator will take your current outstanding mortgages into consideration when analyzing the proposal. Install JavaScript so that you can avail all the features of our online calculator.
Your home’s appraised value
Current value of your home as being appraised by the lender. This value is closer to the market value of the home.
Amount of owed mortgages
Total amount of outstanding mortgages on the same property including first mortgage, second mortgage, and other home-backed debts.
Loan-to-value ratio
Portion of the appraised value, the lender will allow you as line of credit. For example, if your home has an appraised value of $120,000 and loan-to-value ratio is 75%, you will receive a debt of $90,000.