🏠💳 HELOC Calculator
Calculate Home Equity Line of Credit payments, available credit limits, and total interest costs over draw and repayment periods
🏠 Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance
🏠 Mortgage Tips
- • A 20% down payment helps you avoid PMI
- • Consider 15-year loans for lower total interest costs
- • Shop around with multiple lenders for the best rates
- • Factor in closing costs (typically 2-5% of loan amount)
- • Get pre-approved to strengthen your offer
- • Consider property taxes and insurance in your budget
How to Use
1. Enter your home's current market value
2. Input your existing mortgage balance
3. Set the HELOC credit limit (typically 80% LTV)
4. Enter the variable interest rate
5. Calculate interest-only payments during draw period
6. Analyze principal + interest payments during repayment period
Features
✓ Available credit limit calculation
✓ Interest-only draw period payments
✓ Principal + interest repayment calculations
✓ Variable rate impact analysis
✓ Payment shock assessment
✓ Total interest cost projections