Home Equity Loan Calculator
Calculate fixed monthly payment, total interest, and your available equity for a second mortgage.
Monthly Payment
$492
fixed P&I
Total Interest
$38,627
over loan term
Total Cost
$88,627
principal + interest
Max Available
$175,000
based on CLTV cap
Effective CLTV: 60.0% — your requested loan amount is within the typical CLTV limit lenders allow.
Home Equity Loan vs HELOC: A home equity loan is a fixed lump sum at a fixed rate over a fixed term — predictable payments, perfect for one-time large expenses. A HELOC is a revolving credit line at a variable rate — better for ongoing or unpredictable expenses.
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Home Equity Loan Calculator results are estimates for educational and informational purposes only and do not constitute financial, tax, or legal advice. Actual outcomes will vary based on your individual circumstances. LoanPal is not a licensed financial advisor. Read full disclaimer. Consult a qualified professional before making financial decisions.