Work it out with our free Heloc Calculator

 

Use our Heloc Calculator to work it out 



The Credit limit of your heloc is determined by three main factors, the current value of your home, the maximum allowable LTV ratio your lender is willing to lend up to and the amount of any current mortgages you already have.  Take a look at out how much can I borrow page to see how these factors all combine and how they are all used to calculate the total amount your lender will offer you.

For a quick run through and easy reference guide though, you can use or Home Equity Line of Credit Calculator to see what you're eligible for in different circumstance.  Just plug in the details and the calculator will do the rest.

Need to Find a Lender?

 

Not sure what the maximum LTV ratio different lenders are offering, or want to find out how's offering the best rates in your area?  Use our Lender finder tool to get some options, then use the calculator to find out how much you can borrow.

 
 

Heloc Lender Search Tool

Loan Type:
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Heloc Borrowing Calculator

Heloc Calc
Free Home Equity Line of Credit Calculator - Whats Your Limit?

Instructions: Enter the current appraised value of your home, as well as the total of any existing mortgages or other loans secured ahainst the property, and the max. loan to value% the lender is willing to accept, then click the "Calculate Heloc" button.

Current Appraided Value of Property ($):
Existing mortgage loan balance ($):
Max Loan to value ratio acceptable by Lender (%):
Max. allowable debt (inc. Heloc) based on appraised value:
Less current mortgages secured against property:
Maximum Home equity line of credit you may qualify for:

More isn't always better

While a Heloc is really an ideal form of equity release loan, it may be wise to look at restricting the amount of your heloc.  Just because you can get a large limit on your line of credit, doesn't necessarily mean you should.  People are human and even the most disciplined of us can fall victim to impulse buying.  When you look at setting up a home equity line of credit, think about how much you need, rather than how much you can borrow - this simple step can be the difference between paying your Heloc off quickly and having the repayment amounts quickly escalate to dangerous levels.