HELOC Payment Calculator
See your estimated available home equity line, interest-only draw payment, and repayment-period payment in seconds.
HELOC rates are typically variable, tied to the Prime Rate or SOFR. See today's rates for the current environment, or call Dan for actual HELOC pricing.
700+ FICO unlocks the maximum combined LTV, capped at a $100,000 line size.
Capped at $100,000 under the 89.99% LTV tier. A larger margin may be accessible at a lower LTV tier, call Dan to review.
This is a planning estimate only, not a quote or commitment to lend. Actual available line, rate, and terms depend on full underwriting, the appraisal, and your specific lender's guidelines. Dan will confirm your real numbers before you apply.
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How a HELOC Is Calculated
Three numbers drive every HELOC: how big a line you can get, what you pay while you're drawing, and what you pay once repayment starts. Here is the math on an example $400,000 home with a $250,000 mortgage, a 700+ credit score, and an example 8% rate.
1. Your available line
$400,000 × 89.99% max CLTV = $359,960, minus the $250,000 mortgage = $109,960
Capped at the $100,000 program maximum
2. Draw-period payment (interest only)
$50,000 drawn × 8% ÷ 12
About $333 a month, on what you've drawn, not the full line
3. Repayment-period payment
$50,000 amortized over the remaining 25 years at 8%
About $386 a month in principal and interest
Example rate for illustration only. Most HELOC rates are variable, so both payments move with the rate. Your line, rate, and terms depend on underwriting and an appraisal.
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Ready for Your Real HELOC Numbers?
Dan confirms your exact available line, rate, and terms before you apply. Call (661) 342-9381 or get started online.