Home equity loan payment calculator
Enter the amount you'd borrow, a term and an APR. The calculator assumes a fixed rate and equal monthly payments, like a home equity loan, and shows the estimated payment and total interest.
It doesn't include closing costs, appraisal fees or a HELOC's interest-only draw period, and it isn't an offer. Your home secures this kind of borrowing.
Estimate a home equity loan payment
Enter an amount, a term and an APR to see an illustrative fixed monthly payment and total interest.
Estimates only, based on the numbers you enter. Not an offer of credit. Lendara is not a lender.
About this estimate
What does this calculator include?
It uses the amount, term and APR you enter to estimate a fixed monthly payment and the total interest over the term. Closing costs aren't included.
Why might a real offer differ?
Lenders set their own rates, terms and fees based on your credit profile and other details. The equity in your home, closing costs and a variable rate on a HELOC can all change the numbers.
Does Lendara set the rate?
No. Lendara is a marketplace, not a lender, and doesn't make credit decisions. Rates, terms and fees come from each lender and depend on their own review.
Related guides
- Home Equity Loan vs. HELOC: What to Compare
How a home equity loan differs from a HELOC, what it means that your home secures the debt, and the details worth comparing before you borrow against your equity.
- How Much Can You Borrow Against Your Home?
How lenders estimate your usable home equity, what combined loan-to-value means, and what else shapes how much you may be able to borrow with a home equity loan or HELOC.
- How a HELOC's Draw and Repayment Periods Work
What happens during a HELOC's draw period and repayment period, why the payment can change, and the questions worth asking before you open a home equity line of credit.
- Home Equity Closing Costs and Fees, Explained
What closing costs on a home equity loan or HELOC are, the common fee types, paying upfront vs. rolling them in, and how to compare the total cost.
Lendara is not a lender and does not make credit decisions. Rates and terms vary by lender.