Home Equity Line of Credit Calculator
Use this home equity line of credit calculator to help determine the amount of a home equity line of credit you might quality for.
Home Equity Line of Credit Calculator
Use this home equity line of credit calculator to help determine the amount of a home equity line of credit you might quality for. Your line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. Of course, the final line of credit you get takes into account any outstanding home financing you have, including first home financing, second home financing and any other debt you’ve used your home as collateral for.
Financial Calculators from
Dinkytown.net
What if my appraised value changes? |
Definitions
Appraised value of your home
Current appraised value of your home.
Outstanding home loans
Total amount of all outstanding home loan balances, including your first mortgage, second mortgage(s), and any other debt that is secured by your home.
Loan-to-value ratio limit
Loan-to-value ratio limit is the maximum loan-to-value ratio (LTV) your lender will allow. LTV is the percentage of your home's appraised value that is borrowed, including all outstanding mortgages and home equity loans and lines secured by your home. For example, a lender's 80% LTV limit for a home appraised at $400,000 would mean a HELOC applicant could have no more than $320,000 in total outstanding home loan balances. Remember, the $320,000 limit would include all existing loans secured by your home plus your new HELOC.
Contact Us
Customer Service
800-287-0301
Make Appointment
Schedule an appointment
Visit a Branch
Find a location near you