Other tools
Home equity calculators and guides from the HELOC Rate Explorer, a companion site. Like this one, everything there runs in your browser on figures you enter — nothing is stored on a server and no application is submitted.
Calculators
HELOC Payment Calculator
Estimate the monthly payment on a home equity line of credit, with fixed and adjustable rate assumptions.
Open →HELOC Interest-Only Payment Calculator
What the payment looks like during the draw period, when you are only covering interest on the balance drawn.
Open →HELOC Payoff Calculator
How many months it takes to reach a zero balance at the payment you plan to make.
Open →Compare HELOCs and Refinance
Put a line of credit next to a cash-out refinance and see which costs less for the amount you need.
Open →Debt Consolidation Simulator
Roll existing balances into home equity and see the change in monthly outgoings and total interest.
Open →Guides
HELOC vs Home Equity Loan
Side-by-side on how the two products differ in rate, draw, repayment and risk.
Open →How HELOC Interest Is Calculated
A worked example of the daily-balance arithmetic behind a HELOC statement.
Open →When Is a HELOC a Bad Idea?
An honest risk check on the situations where borrowing against the home backfires.
Open →