HELOAN calculator
Estimate your Home Equity Loan (HELOAN) payments, terms and how much equity you have available for a second mortgage, fixed rate equity loan with our comprehensive Home Equity Loan calculator. .
No need to refinance your current loan.
HELOAN rates are lower than credit cards and other loans
Borrow what you need, when you need it.
Minimum credit score
Maximum Loan-to-Value
Maximum Loan Amount
Qualify based on Bank Statements, P&L, 1099 or DSCR
Choose from 30 years, 20 years, 15 years fixed and interest-only options
Up to 50% DTI
Our proprietary tool, Mortgage Match™️ can help you get a better understanding about your options and other programs that can fit what you are looking for.
SEE PAYMENT EXAMPLES
At 7.5% APR for 10 year draw
Interest only payment
Principal & Interest Payment
At 7.5% APR for 10 year draw
Interest only payment
Principal & Interest Payment
At 7.5% APR for 10 year draw
Interest only payment
Principal & Interest Payment
Second mortgages compared
|
Option
|
Best For
|
Rate Type
|
Payment Structure
|
Keeps Current Mortgage
|
Access Funds As Needed
|
|---|---|---|---|---|---|
|
HELOAN (Home Equity Loan)
|
One time expenses, fixed rate & payments
|
Fixed
|
Fixed principal & interest payments
|
✅ Yes
|
❌ No
|
|
HELOC
(Home Equity Line of Credit)
|
Flexibility, revolving line, on going expenses
|
Variable
|
Interest-only during draw period
|
✅ Yes
|
✅ Yes
|
Get up to 90% Loan-to-Value with our 2nd lien Home Equity Loan.
You’ll get a lump sum at closing for the equity you are accessing.
You’ll make fixed payments during the duration of the loan. No surprises later.
This loan will not affect the terms of your current mortgage.
Unlike HELOC rates, Home Equity Loans have fixed interes rates and payments.
Most HELOAN rates range between:
Depending on your unique situation.
Use our HELOAN calculator to get an estimate based on your financial profile.
We compare rates from 40+ lenders to find competitive options that fit your needs. You’ll get expert guidance, personalized solutions, and a partner who works for you.
We compare rates from 40+ lenders to find competitive options that fit your needs. You’ll get expert guidance, personalized solutions, and a partner who works for you.
Compare interest rates for home equity lines of credit.
Qualify using your bank statements for income.
Home Equity Line of Credit for investment properties.
Calculate your house payment with a cash out refinance.
Get clear answers about home equity loan payments, borrowing limits, qualification and how a HELOAN compares with other ways to access your equity.
Get a personal rate in minutes and explore your best loan options – no impact to your credit.
