Home Equity Loan Calculator
| Metric | Value |
|---|---|
| Available Equity | ₹0 |
| Max Loan (LTV) | ₹0 |
| Monthly Payment | ₹0 |
| Total Interest Paid | ₹0 |
| Total Cost (Principal + Interest) | ₹0 |
| Your Equity | ₹0 |
| Equity Percentage | 0% |
| Combined Loan-to-Value (CLTV) | 0% |
| Loan Amount | ₹0 |
| Total Interest | ₹0 |
| Total Payment | ₹0 |
| Year | Payment | Interest | Principal | Balance |
|---|
What Is a Home Equity Loan Calculator?
A Home Equity Loan Calculator helps you determine how much you can borrow against the equity in your home. It estimates your available equity based on your home's value and your existing mortgage balance, then calculates the monthly payment, total interest, and total cost for a home equity loan. This tool is essential for homeowners considering using their home's equity for renovations, debt consolidation, or other major expenses.
How to Use This Home Equity Loan Calculator
- Enter your Home Value — the current market value of your property.
- Enter your Mortgage Balance — the amount you still owe on your primary mortgage.
- Enter the Max LTV — the maximum loan-to-value ratio allowed by your lender (typically 80–85%).
- Enter the Loan Amount — how much you want to borrow (the calculator shows the maximum available).
- Enter the Interest Rate and Loan Term for the home equity loan.
- Click Calculate to see your available equity, monthly payment, total interest, and a full amortization schedule.
Adjust any input to see how changes affect your borrowing capacity and loan costs — for example, a higher LTV allows a larger loan but may increase your rate.
How the Calculation Works
- Available Equity = Home Value − Mortgage Balance.
- Maximum Loan Amount = (Home Value × Max LTV) − Mortgage Balance.
- Monthly Payment is calculated using the standard loan amortization formula on the loan amount you enter.
- Combined Loan-to-Value (CLTV) = (Mortgage Balance + Loan Amount) / Home Value × 100.
- Equity Percentage = (Home Value − Mortgage Balance) / Home Value × 100.
- The amortization schedule shows how each payment is split between interest and principal over the life of the loan.
How to Print or Save This Calculation as a PDF
- Enter your numbers and click Calculate.
- Click the Print link at the top of the page.
- In the print dialog, choose "Save as PDF" as the destination.
- Ensure "Background graphics" is enabled so charts and colours print correctly.
- Click Save — the full amortization schedule and summary will be included.
Frequently Asked Questions
What is home equity?
Home equity is the difference between your home's current market value and the amount you still owe on your mortgage. It represents the portion of your home that you actually own.
How much can I borrow with a home equity loan?
Most lenders allow you to borrow up to 80–85% of your home's value minus your existing mortgage balance. This calculator uses a conservative 80% LTV limit to show your maximum potential loan amount.
What is the difference between a home equity loan and a HELOC?
A home equity loan is a fixed-rate, fixed-term loan with a lump sum payment. A HELOC (Home Equity Line of Credit) is a revolving line of credit with variable rates, similar to a credit card, where you can borrow as needed.
Is this home equity loan calculator free?
Yes, this calculator is completely free, requires no sign-up, and can be used as many times as you need to explore different borrowing scenarios.