Home Equity Calculator

A home equity loan provides a lump sum with fixed payments — perfect for one-time projects with known costs.

A home equity line of credit, or HELOC, gives flexible access to funds as needed — ideal for ongoing expenses. Our Lockable HELOC offers both flexible access AND the option to lock portions at fixed rates.

Looking for a more detailed breakdown of these two types of loans? Get it here.

The amount you can borrow depends on several factors including your home's current value and your remaining mortgage balance. Our team can help determine your specific borrowing power based on your unique situation.

It's easy to calculate what your HELOC payment would be. HELOC monthly payments are 1% of the balance.

Example: If your HELOC balance was $30,000... then your monthly payment would be $300.

$30,000 x 1% = $300