Home Equity

Line of credit calculator

Calculate your line of credit and more

Use this line of credit calculator to determine how big a line of credit you may qualify to receive. The line of credit is based on a percentage of the value of the home. The more the home is worth, the larger the line of credit. Of course, the final line of credit received will take into account any outstanding mortgages there might be. This includes first mortgages, second mortgages, and any other debt secured by the home.

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Home Equity

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Definitions

Appraised value of your home: This is current appraised value of your home. If it has been a few years since you purchased your home, it may be worth quite a bit more than your original purchase price.
Mortgages you owe: This is the total of all outstanding mortgages on your home. This should include your first mortgage, second mortgages and any other debt that is secured by your home.
Loan to value ratio: The loan to value ratio is the percent of your home's appraised value that your lender will allow. For example, a 80% loan to value ratio would allow you to have $80,000 in debt secured by a home appraised at $100,000. Remember - the total debt allowed includes all outstanding mortgages plus your new line of credit.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Compare Home Equity Rates

30K FICO-based HELOC average
5.21%

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About this index

Home Equity Averages

Product	Rate	+/-	Last week
$30K HELOC	4.99%		5.00%
$30K home equity loan	6.19%		6.21%
$50K HELOC	4.56%		4.58%
$75K home equity loan	5.97%		6.01%

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