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: Tax Table
• 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.

Step 1: Determine Your Heloc Loan Amount Enter the current market value of your home: Enter the total amount still owed on any mortagages on your home: