About Home Equity Calcs
Home Equity Calcs builds free calculators for homeowners who are thinking about borrowing against their home. Our first tool is the HELOC calculator: it estimates how much you could borrow, what you would pay while you can still draw on the line, and what you would pay after the draw period ends, including if the rate goes up.
Why we built it
Many HELOC tools stop at the interest-only payment. The bigger number comes later, when the draw period ends and you start paying back principal. We show both payments side by side, plus the payment if the rate rises, so you can judge whether a line of credit fits your budget before you talk to a lender.
What we are and are not
- We are not a lender or a mortgage broker. We do not take applications or make credit decisions.
- No sign-up. We do not ask for your name, phone or address; the math runs in your browser. We collect anonymous usage statistics, described in our privacy policy.
- Results are estimates. Each lender sets its own limits, rates and fees. See how we calculate.
- The site is free because some links may pay us a flat fee when you apply. See how we make money.
Contact
Questions, corrections or partnership requests: hello@homeequitycalcs.com. If you find a number that looks wrong, tell us and we will check it.