HELOC Comparison Calculator
HELOC Calculator
- Based on your inputs, the HELOC calculator will tell you how much you can borrow, how much your monthly payments will be, and how much tax savings you can expect to realize.
- The HELOC calculator also generates monthly payments either for fully-amortized HELOC loans (i.e. payments include interest and principal) or loans requiring interest-only payments.
- To determine tax benefits of a HELOC loan, you should know your marginal tax rate, which can be found here: 2006 Tax Table
- If you want to download the code for this HELOC calculator, it is available [here]
- In addition to knowing your monthly HELOC loan payment amount, it is important to know the effective after-tax HELOC loan interest rate. The Effective Interest Rate Table will show you how.
- If you want to compare a home equity line of credit (HELOC) to a conventional home equity loan, this Line of Credit Calculator will show you how.
- Also check out the Credit Card Rewards Calculator which will help you determine whether credit card reward programs are really worth it.
