Home Equity Loan Calculator

Your home can be more than a place to live. It can also be a source of borrowing power when you need it, often at rates much lower than credit cards or personal loans.

A home equity loan lets you borrow against the value you’ve built in your home. Unlike a HELOC (Home Equity Line of Credit), it provides a lump sum upfront with fixed monthly payments over a set term. In many ways, it works a lot like a traditional mortgage.

Use this calculator to estimate your monthly payment, total interest costs, and how extra payments could help you pay off the loan faster.